Gresham’s Law and News in a Post-Truth World

Q2 Social Sciences Asia Pacific Media Educator Pub Date : 2019-04-21 DOI:10.1177/1326365X19838926
Branislav Kovačić
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引用次数: 1

Abstract

Economists and finance experts have studied how ‘bad money drives out good’ and formulated Gresham’s law (Mokyr, 2003). The law states that the more expensive money tends to disappear from circulation because it is counterfeited, hoarded, or exported. One can propose a similar principle in the news business – real, verified, and socially relevant news tends to be replaced by fake, unverified, and often socially irrelevant news. This tends to happen not only in the American version of news production models (purportedly neutral and objective) but also in other more ideologically and politically oriented news production models.
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后真相世界中的格雷沙姆定律和新闻
经济学家和金融专家研究了“劣币驱逐良币”,并制定了格雷沙姆定律(Mokyr,2003)。法律规定,更昂贵的货币往往会因为被伪造、囤积或出口而从流通中消失。人们可以在新闻业中提出类似的原则——真实的、经过核实的、与社会相关的新闻往往会被虚假的、未经核实的、往往与社会无关的新闻所取代。这种情况不仅发生在美国版的新闻制作模式中(据称是中立和客观的),也发生在其他更具意识形态和政治导向的新闻制作模型中。
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期刊介绍: Asia Pacific Media Educator is an international refereed journal published twice a year by SAGE Publications (New Delhi) in collaboration with the School of the Arts, English and Media, Faculty of Law, Humanities and the Arts, University of Wollongong in Australia. The journal follows international norms and procedures of blind peer reviewing by scholars representing a wide range of multi-disciplinary areas. APME focuses on generating discussions and dialogues among media educators, researchers and journalists. Content ranges from critical commentaries and essays to research reports and papers that contribute to journalism theory development and offer innovative ideas in improving the standard and currency of media reportage, teaching and training specific to the Asia Pacific region. Papers that integrate media theories with applications to professional practice, media training and journalism education are usually selected for peer review. APME also carries a Q&A section with book authors. APME takes conventional book reviews to a more creative level where reviewers directly engage with authors to understand the process that authors take in researching and writing the book, clarify their assumptions and pose critical questions.
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