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  • Matthew Gentzkow, Edward L. Glaeser, and Claudia Goldin, Corruption and Reform: Lessons from America's Economic History (University of Chicago Press, 2006), chap. 6, https://www.nber.org/books-and-chapters/corruption-and-reform-lessons-americas-economic-history/rise-fourth-estate-how-newspapers-became-informative-and-why-it-mattered.

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A free and informative press is widely agreed to be crucial to the democratic process today. But throughout much of...

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