Democracy's detectives : the economics of investigative journalism

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Democracy's detectives : the economics of investigative journalism

James T. Hamilton

Harvard University Press, 2016

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Summary: Investigative reporting generates new information about important issues that someone is trying to keep secret. Impacts of this journalism can be high. Yet the costs of discovering and telling these stories may also be significant. Democracy's Detectives uses economic theories of information to explain both how institutions breakdown in predictable ways and how journalists find and reveal which programs, products, and people go astray. The book analyzes the market for investigative reporting by examining more than 12,000 prize competition entries from 1979 to 2010 in the annual awards contest of Investigative Reporters and Editors. The results show what these investigative works in the United States uncovered and their impacts, and how the investigations were conducted and financially supported. Case studies of several investigative series demonstrate that each dollar invested in a story can yield hundreds of dollars in policy benefits. Examining the work of a Pulitzer prize-winning reporter shows ho

Includes bibliographical references (p. [319]-357) and index

収録内容

  • Introduction
  • Economic theories of investigative reporting
  • Detectives, muckrakers, and watchdogs
  • What's the story?
  • What's the impact?
  • How is it produced?
  • How is it supported?
  • A single investigative reporter
  • Accountability and algorithms

内容説明・目次

内容説明

In democratic societies, investigative journalism holds government and private institutions accountable to the public. From firings and resignations to changes in budgets and laws, the impact of this reporting can be significant-but so too are the costs. As newspapers confront shrinking subscriptions and advertising revenue, who is footing the bill for journalists to carry out their essential work? Democracy's Detectives puts investigative journalism under a magnifying glass to clarify the challenges and opportunities facing news organizations today. Drawing on a painstakingly assembled data set of thousands of investigations by U.S. journalists, James T. Hamilton deploys economic theories of markets and incentives to reach conclusions about the types of investigative stories that get prioritized and funded. Hamilton chronicles a remarkable record of investigative journalism's real-world impact, showing how a single dollar invested in a story can generate hundreds of dollars in social benefits. An in-depth case study of Pulitzer Prize-winning reporter Pat Stith of The News and Observer in Raleigh, NC, who pursued over 150 investigations that led to the passage of dozens of state laws, illustrates the wide-ranging impact one intrepid journalist can have. Important stories are going untold as news outlets increasingly shy away from the expense of watchdog reporting, Hamilton warns, but technology may hold an answer. Computational journalism-making novel use of digital records and data-mining algorithms-promises to lower the costs of discovering stories and increase demand among readers.

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