Paying the Truthseekers

Academics and journalists have a lot in common, at least in principle. Whether you’re a reporter or a professor, your job is to go out into the world and figure out the truth. You’re supposed to be careful, to check and correct for how you might be wrong. And at the end of the day you’re supposed to communicate what you found. The differences mostly come in how you’re paid. You could imagine some sort of pure truthseeker, paid purely by how well they tell the truth. People would ask them to find out the truth about something, and pay them for the service. And the truthseekers with the best track record would get the most clients. But neither profession really works like this. Journalism comes closest. Once upon a time, people bought newspapers in order to be the first to know when something important happened. While there’s still a little bit of that going on (I guess this is what Bloomberg Terminals are for?), it’s a lot less central because of the internet. Now, there are hundreds…