Ronald Coase Quote

Advertising, the dissemination of messages about the goods and services which people consume, is clearly part of the market for ideas. Intellectuals have not, in general, welcomed this other occupant of their domain. And the feeling of antipathy has been shared by economists, who, until comparatively recently, have tended to deplore rather than to analyze the effects of advertising.

"Advertising and Free Speech," 6 Journal of Legal Studies 1 (1977), p. 8.