CEU Visiting Professor Dean Starkman's book "The Watchdog That Didn't Bark: The Financial Crisis and the Disappearance of Investigative Journalism" was chosen by Stanford's James T. Hamilton as one of the top five tomes on the economics of news.
"Starkman’s book is great. He focuses on the story of the financial collapse and asks why we didn’t see it coming. He explains that a lot of business reporting is what he calls ‘access reporting.’ A lot of business reporting is very quick, it’s aimed at investors, and it is often telling the stories of elites for elites," Hamilton writes. "He talks about the difficulties of supporting ‘accountability journalism,’ the public affairs reporting that we’ve been talking about. He argues that there was less ‘accountability journalism,’ relative to the ‘access journalism,’ leading up to the financial collapse because that type of work takes a lot of time and effort."
Starkman's book was chosen alongside Paul Starr's 1982 work "The Creation of the Media" and Anthony Downs' 1957 classic "An Economic Theory of Democracy," as well as books by Philip Meyer and Jon Marshall. Starkman is also a fellow at CEU's Center for Media, Data and Society at the School of Public Policy.
Hamilton is the Hearst Professor of Communication and the Director of the Journalism Program at Stanford University and is author of the new book "Democracy’s Detectives."
For more information, visit: http://fivebooks.com/interview/james-hamilton-economics-news/