A Free-market Model for Media Ethics: Adam Smith's Looking Glass

Lawrence Souder

9 citations0/0 files storedJournal of Mass Media Ethics

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Journalism and Media Studies Media Studies and Communication Ethics in Business and Education

Abstract

This article points out the challenges to current models for media ethics that arise from the private ownership of public media, and it proposes a new model that integrates Adam Smith's free-market theory and his system of moral reasoning. The model creates moral obligations to maintain the integrity of a system for anyone who profits from it. This model renews an appeal for the contemporary notion of transparency and is built on an analogy between the system of the free market for creating wealth and the system of the free press for producing reliable market information.

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References

2007Giving Content to Investor Sentiment: The Role of Media in the Stock Market 2003Both of Us Disgusted in My Insula 2005Grasping the Intentions of Others with One's Own Mirror Neuron System 2000Rich media, poor democracy: communication politics in dubious times 2006The Press as a Watchdog for Accounting Fraud 2000Rich Media, Poor Democracy: Communication Politics in Dubious Times 2005Adam Smith's Moral Philosophy 2006Financial news journalism

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