Revisiting the Marketplace of Ideas
ARTICLES HOW MUCH DOES A BELIEF COST?: REVISITING THE MARKETPLACE OF IDEAS GREGORY BRAZEAL* I. INTRODUCTION The metaphor of “the marketplace of ideas” may be one of the most successful products of the marketplace of legal ideas over the last century. From the metaphor’s origin in a celebrated dissent by Justice Oliver Wendell Holmes, Jr.,1 and its first exact formulation in a concurrence by Justice William Brennan,2 the metaphor has become not only, to borrow Lee Bollinger’s description of the Justice Holmes dissent, “one of the central organizing pronouncements for our contemporary vision of free speech,”3 but also one of the few products of judicial rhetoric to circulate in the wider non-legal marketplace.4 It is not always obvious, however, what we mean when we speak of a marketplace of ideas. What, for example, would be traded in such a * J.D. 2010, Harvard Law School; B.A. English 2001, Stanford University. 1. See Abrams v. United States, 250 U.S. 616, 630 (1919) (Holmes, J., dissenting). Justice Holmes himself used the phrase “free trade in ideas,” not the phrase “marketplace of ideas.” See generally infra Part II. 2. Lamont v. Postmaster Gen., 381 U.S. 301, 308 (1965) (Brennan, J., concurring) (“It would be a barren marketplace of ideas that had only sellers and no buyers.”). 3. LEE C. BOLLINGER, THE TOLERANT SOCIETY: FREEDOM OF SPEECH AND EXTREMIST SPEECH IN AMERICA 18 (1986). 4. See, e.g., LOUIS MENAND, THE MARKETPLACE OF IDEAS: REFORM AND RESISTANCE IN THE AMERICAN UNIVERSITY (2010) (critiquing American higher education from a literary and cultural critic’s perspective); RICHARD E.
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