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Antitrust And Competition Conference - Economic Concentration and the Marketplace of Ideas Day 2

Back in 1957, Benjamin A. Rogge wrote that public financing of education was a problem because “he who pays the piper will call the tune.” The annual Stigler conference, Economic Concentration and the Marketplace of Ideas, will take this connection between financing and the production and diffusion of ideas to heart: we will explore whether the increased market concentration we have witnessed in the last decades negatively impacts our marketplace of ideas, academia, news, and information production and diffusion more broadly, and what can be done about it. The discussion will start by covering the market for news production and consumption, where the digital platforms and media empires owned by billionaires play an increasingly important role in shaping our public square. We will then move to explore whether market concentration can create pernicious biases on the incentives to produce and diffuse expert knowledge—with a focus on academia (as former Assistant Attorney General Jonathan Kanter recently remarked) and law and economics more broadly. We will conclude by exploring how economic concentration is influencing the world of think tanks, politics, and policymaking.

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