RT Journal Article SR Electronic T1 Advertising's Role in Capitalist Markets: What Do We Know and Where Do We Go from Here? JF Journal of Advertising Research JO J Advert Res FD WARC SP 162 OP 170 DO 10.1017/S002184990505018X VO 45 IS 2 A1 Gerard J. Tellis YR 2005 UL http://www.journalofadvertisingresearch.com/content/45/2/162.abstract AB Advertising is a rich, multidimensional phenomenon that has been studied in several disciplines. This research has led to an emerging body of findings and some potential generalizations. Even then, misconceptions about advertising persist, and important aspects of the phenomenon have not been adequately researched. Despite advertising's apparent weakness it is essential for free markets.