NewsBite

How efficient is the marketplace for ideas?

How efficient is the marketplace for ideas?

Is significant regulation of speech required? Or can we leave it up to the “marketplace for ideas” to handle it?

In theory, competition should mean the best ideas win out and people are better informed. But conditions apply.  

All liberal democracies grapple with the boundaries of free speech. This is true even in the United States with its first amendment guarantees.

It’s especially true in countries like Australia – as the recent debate over the government’s failed misinformation bill shows.

Loading...

Read More

Richard Holden
Richard HoldenEconomics professorRichard Holden is scientia professor of economics at UNSW Business School. Connect with Richard on Twitter.

Latest In Economy

Fetching latest articles

Original URL: https://www.afr.com/policy/economy/how-efficient-is-the-marketplace-for-ideas-20250522-p5m1b7