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.

Winner of the Goldsmith Book Prize, Shorenstein Center on Media, Politics and Public Policy at the Harvard Kennedy School of Government Winner of the Tankard Book Award, Association for Education in Journalism and Mass Communication Winner of the Frank Luther Mott-Kappa Tau Alpha Journalism & Mass Communication Research Award 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. "Hamilton's book presents a thoughtful and detailed case for the indispensability of investigative journalism-and just at the time when we needed it. Now more than ever, reporters can play an essential role as society's watchdogs, working to expose corruption, greed, and injustice of the years to come. For this reason, Democracy's Detectives should be taken as both a call to arms and a bracing reminder, for readers and journalists alike, of the importance of the profession." -Anya Schiffrin, The Nation "A highly original look at exactly what the subtitle promises...Has this topic ever been more important than this year?" -Tyler Cowen, Marginal Revolution

"If it bleeds, it leads." The phrase captures television news directors' famed preference for opening newscasts with the most violent stories they can find. And what is true for news is often true for entertainment programming, where violence is used as a product to attract both viewers and sponsors. In this book, James Hamilton presents the first major theoretical and empirical examination of the market for television violence.

Hamilton approaches television violence in the same way that other economists approach the problem of pollution: that is, as an example of market failure. He argues that television violence, like pollution, generates negative externalities, defined as costs borne by others than those involved in the production activity. Broadcasters seeking to attract viewers may not fully bear the costs to society of their violent programming, if those costs include such factors as increased levels of aggression and crime in society. Hamilton goes on to say that the comparison to pollution remains relevant when considering how to deal with the problem. Approaches devised to control violent programming, such as restricting it to certain times and rating programs according to the violence they contain, have parallels in zoning and education policies designed to protect the environment.

Hamilton examines in detail the microstructure of incentives that operate at every level of television broadcasting, from programming and advertising to viewer behavior, so that remedies can be devised to reduce violent programming without restricting broadcasters' right to compete.

That market forces drive the news is not news. Whether a story appears in print, on television, or on the Internet depends on who is interested, its value to advertisers, the costs of assembling the details, and competitors' products. But in "All the News That's Fit to Sell," economist James Hamilton shows just how this happens. Furthermore, many complaints about journalism--media bias, soft news, and pundits as celebrities--arise from the impact of this economic logic on news judgments.

This is the first book to develop an economic theory of news, analyze evidence across a wide range of media markets on how incentives affect news content, and offer policy conclusions. Media bias, for instance, was long a staple of the news. Hamilton's analysis of newspapers from 1870 to 1900 reveals how nonpartisan reporting became the norm. A hundred years later, some partisan elements reemerged as, for example, evening news broadcasts tried to retain young female viewers with stories aimed at their (Democratic) political interests. Examination of story selection on the network evening news programs from 1969 to 1998 shows how cable competition, deregulation, and ownership changes encouraged a shift from hard news about politics toward more soft news about entertainers.

Hamilton concludes by calling for lower costs of access to government information, a greater role for nonprofits in funding journalism, the development of norms that stress hard news reporting, and the defining of digital and Internet property rights to encourage the flow of news. Ultimately, this book shows that by more fully understanding the economics behind the news, we will be better positioned to ensure that the news serves the public good.

Small business has captured the imagination of both the popular press and politicians. The tradition that has created sympathy for the small entrepreneur has been strengthened in recent years by images of small firms as dynamic, growing, and flexible and of large firms as struggling, outdated, and intractable in the face of changing competitive environments. There is, it appears, an added fervor for America's support of "the little guy."

"Employers Large and Small" draws on existing data and new research to create a more complete picture of the roles of large and small employers, challenging much of the conventional wisdom. It argues that the oft-cited achievement of small firms in generating new jobs is primarily a reflection of the fact that industries in which the typical firm is small have grown rapidly in recent years.

The authors show that there are striking differences between large and small employers--that in fact large employers pay higher wages, offer better fringe benefits, and on average offer a more attractive package of working conditions and compensation. These differences reflect real challenges faced by small firms: they pay more for their nonlabor inputs and for many fringe benefits if they choose to offer them.

"Employers Large and Small" also goes beyond the workplace, examining the role of large and small employers in politics. Despite the typical portrayal of small business as the underdog in policy disputes, the political resources of small employers are substantial. The PAC contributions of small business, for example, are as large as those of labor unions and nearly two-thirds those of big business.

The authors show that the economic andpolitical differences between large and small employers are sizable, are significant influences in the working lives of Americans, and are at odds with current policy assumptions.

Increasingly governments around the world are experimenting with initiatives in transparency or 'open government'. These involve a variety of measures including the announcement of more user-friendly government websites, greater access to government data, the extension of freedom of information legislation and broader attempts to involve the public in government decision making. However, the role of the media in these initiatives has not hitherto been examined. This volume analyses the challenges and opportunities presented to journalists as they attempt to hold governments accountable in an era of professed transparency. In examining how transparency and open government initiatives have affected the accountability role of the press in the US and the UK, it also explores how policies in these two countries could change in the future to help journalists hold governments more accountable. This volume will be essential reading for all practising journalists, for students of journalism or politics, and for policymakers.

Increasingly governments around the world are experimenting with initiatives in transparency or 'open government'. These involve a variety of measures including the announcement of more user-friendly government websites, greater access to government data, the extension of freedom of information legislation and broader attempts to involve the public in government decision making. However, the role of the media in these initiatives has not hitherto been examined. This volume analyses the challenges and opportunities presented to journalists as they attempt to hold governments accountable in an era of professed transparency. In examining how transparency and open government initiatives have affected the accountability role of the press in the US and the UK, it also explores how policies in these two countries could change in the future to help journalists hold governments more accountable. This volume will be essential reading for all practising journalists, for students of journalism or politics, and for policymakers.

Information provision is increasingly being used as a regulatory tool. The US Environmental Protection Agency's Toxics Release Inventory (TRI) Program required facilities that handle threshold amounts of specific chemicals to report yearly their releases and transfers of these toxic substances. The TRI data have become the yardstick by which regulators, investors, environmental organizations, and local community groups measure company environmental performance. This book, which was originally published in 2005, tells the story of the TRI from its origin and implementation to its revision and retrenchment. The mix of case study and quantitative analysis shows how the TRI operates and how the information provided affects decisions in both the public and private sectors. The lessons drawn about the operation of information provision programs should be of interest to multiple audiences.

Information provision is increasingly being used as a regulatory tool. The US Environmental Protection Agency's Toxics Release Inventory (TRI) Program required facilities that handle threshold amounts of specific chemicals to report yearly their releases and transfers of these toxic substances. The TRI data have become the yardstick by which regulators, investors, environmental organizations, and local community groups measure company environmental performance. This book, which was originally published in 2005, tells the story of the TRI from its origin and implementation to its revision and retrenchment. The mix of case study and quantitative analysis shows how the TRI operates and how the information provided affects decisions in both the public and private sectors. The lessons drawn about the operation of information provision programs should be of interest to multiple audiences.

Since 1954, violence in television programming has been the subject of legislative debate, congressional hearings, agency pronouncements, and presidential commentary. Most recently, ratings of television programs have been discussed and implemented while other means of controlling the access to certain kinds of television programs have been discussed. The debate over the age-based program rating system recently implemented by the television industry has generated many questions about television violence.
The essays in the volume provide answers to many of these questions on specific policy issues surrounding media violence. The contributors suggest that the research on television violence can serve as the basis for a framework that categorizes programs based on the context in which the violence is presented. The manner in which information is conveyed about violent content affects how viewers react to such warnings. Program warnings with MPAA-style ratings have the potential to confuse parents (since they do not provide detailed content information) and attract some viewers such as teenage males.
The contributors include some of the top researchers in the field of communications, several of whom participated in the National Television Violence Study. Contributors are Eva Blumenthal, Joanne Cantor, Wayne Danielson, Ed Donnerstein, Tim Gray, Kristen Harrison, Cynthia Hoffner, Marlies Klijn, Marina Krcmar, Dale Kunkel, Dominic Lasorsa, Rafael Lopez, Dan Linz, Adriana Olivarez, James Potter, Stacy Smith, Matthew L. Spitzer, Ellen Wartella, D. Charles Whitney, and Barbara Wilson.
This volume will be of interest to communications researchers, media policy experts, legal scholars, government and industry officials, and social scientists interested in media and television.
James Hamilton is Director of the Program on Violence and the Media, Duke University.