Media Economics and the Political Economy of Information

Jill J. McCluskey and Johan F. M. Swinnen

in The Oxford Handbook of Business and Government

Published in print February 2010 | ISBN: 9780199214273
Published online May 2010 | | DOI:

Series: Oxford Handbooks in Business and Management

 Media Economics and the Political Economy of Information

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The supply of information through commercial media has increased rapidly over the past decades. Commercial mass media has become the key information broker in our society, and it is where most people obtain their information. Mass media has become an important factor in influencing public opinion. Yet the media is criticized as being sensationalistic and biased in its reporting, giving demonstrators prime time coverage and ignoring careful analyses. This article reviews the emerging literature on the economics of the media and its implications for business and government.

Keywords: media economics; commercial media; mass media; public opinion; business; government; political economy

Article.  9394 words. 

Subjects: Business and Management ; Knowledge Management

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