By Michele Boldrin, David K. Levine
"Intellectual property" - patents and copyrights - became arguable. We witness children being sued for "pirating" tune - and we discover AIDS sufferers in Africa death as a result of inability to pay for medicines which are expensive to fulfill patent holders. Are patents and copyrights necessary to thriving production and innovation - will we desire them in order that all of us could take pleasure in wonderful track and reliable well-being? throughout time and area the resounding solution is: No. So-called highbrow estate is in reality an "intellectual monopoly" that hinders instead of is helping the aggressive loose marketplace regime that has introduced wealth and innovation to our doorsteps. This booklet has huge insurance of either copyrights and patents and is designed for a basic viewers, concentrating on uncomplicated examples. The authors finish that the one good coverage to stick to is to do away with the patents and copyright platforms as they presently exist.
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Extra info for Against Intellectual Monopoly
13 More broadly, the lack of copyright protection, which permitted the United States publishers’ “pirating” of English writers, was a good economic policy of great social value for the people of United States, and of no significant detriment, as the Commission report and other evidence confirm, for English authors. Not only did it enable the establishment and rapid growth of a large and successful publishing business in the United States; also, and more importantly, it increased literacy and benefited the cultural development of the American people by flooding the market with cheap copies of great books.
It is now, in the 21st century, that they invest their time and energy in the prevention of copying. ” What was Microsoft’s greatest innovation since 1994? No doubt, the web browser, the Internet Explorer. But who invented the web browser? ” Open Source Software The best evidence that copyright and patents are not needed and that competition leads to thriving innovation in the software industry, is the fact that there is a thriving and innovative portion of the industry that has voluntarily relinquished its intellectual monopoly – both copyright and patent.
Jones, Boyan Jovanovic, Nobu Kiyotaki, Lennart Krantz, Timothy Lee, Jay Lepreau, Bob Lucas, Mike Masnick, Salvatore Modica, Enrico Moretti, Paul Romer, Roger Myerson, Mark Sattherwaite, Rob Shimer, Nancy Stokey, Ivan Werning, Freddy Williams, Asher Wolinsky, Curtis Yarvin, and Alejandro Zentne. Our student and research assistant, Fanchang Huang, read the whole manuscript and corrected an endless list of mistakes, poorly assembled references, and other kinds of mishaps. He did a great job and we are most grateful to him.