Against Intellectual Monopoly

Boldrin & Levine
Puslapių skaičius: 
282 psl.
Rugpjūtis 21, 2017
2319 peržiūrų
38 atsisiuntimai
"Intellectual property"—patents and copyrights—have become controversial. We witness teenagers being sued for "pirating" music, and we observe AIDS patients in Africa dying due to lack of ability to pay for drugs that are high priced to satisfy patent holders. Are patents and copyrights essential to thriving creation and innovation—do we need them so that we all may enjoy fine music and good health? Across time and space the resounding answer is: No. So-called intellectual property is in fact an "intellectual monopoly" that hinders rather than helps the competitive free market regime that has delivered wealth and innovation to our doorsteps. This book has broad coverage of both copyrights and patents and is designed for a general audience, focusing on simple examples. The authors conclude that the only sensible policy to follow is to eliminate the patents and copyright systems as they currently exist. Uses the tools of modern economics and game theory to explore how the interaction of intelligent goal-seeking individuals determines social outcomes. In the modern theory of growth, monopoly plays a crucial role as both a cause and an effect of innovation. Innovative firms naturally gain monopoly power for some period of time, and it is argued without the prospect of monopoly power in the form of "intellectual property" would have insufficient incentive to innovate.


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