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The Market for Goods and the Market for Ideas

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  • Coase, R H

Abstract

If economic theory teaches the desirability of government intervention in markets with externalities, monopoly power, asymmetric knowledge, and products with false allure, then it can scarcely be urged more strongly than in the market for ideas.
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Suggested Citation

  • Coase, R H, 1974. "The Market for Goods and the Market for Ideas," American Economic Review, American Economic Association, vol. 64(2), pages 384-391, May.
    • Handle: RePEc:aea:aecrev:v:64:y:1974:i:2:p:384-91
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    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • K0 - Law and Economics - - General

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