American economist and sociologist (1857–1929)
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The current periodical press... is a vehicle for advertisements. ...Exceptions ...are official and minor propagandist periodicals, and, in an uncertain measure, scientific journals. ...The first duty of an editor is to gauge the sentiments of his readers, and the tell them what they like to believe. ...His second duty is to see that nothing is said which may discountenance ...his advertisers. ...The net result is that both the news columns and the editorial columns are commonly meretricious in a high degree.