Intellectual property is a special privilege granted by government to the creators of ideas, art, technology, and so on. It gives them property rights for their creation, allowing them to demand compensation for its duplication. Types of intellectual property include copyrights, patents, and trademarks. Supporters of intellectual property claim that it encourages innovation that otherwise would not occur otherwise. Opponents argue that the intellectual property creates artificial scarcity and impedes the progress of the free market.
Intellectual Property Rights Debate - Sheldon Richman, Paul Cwik, Ivan Pongracic, Lawrence Reed
What Are Copyrights and What Do They Mean for Liberty?
JUNE 12, 2009 by SHELDON RICHMAN
Intellectual "property" (IP) is a sleeper issue. It seems uncontroversial: Someone invents or writes something and therefore owns it. What could be plainer? But IP contains the power to destroy liberty.
DECEMBER 08, 2008
Many economists are in love with the idea of a natural experiment. A natural experiment is a turn of events that enables a clean comparison between two different economic-policy alternatives. For many economic policies we do not have the good fortune of a natural experiment. In these cases economists must fall back on other less-reliable modes of econometric analysis. Fortunately for other economic policies nature has been kind enough to provide us with the laboratory we need.... The impact of patents on innovation does have an objective answer. In this case history instead of nature has been kind enough to provide us with a wonderful natural experiment. More . . .
--A NEW article by Michele Boldrin, David K. Levine, and Alessandro Nuvolari
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Whether you agree with the original purpose of patents in America or believe (as I do) that all patents are improper, the America Invents Act is repellent.
JULY 27, 2011
On a misplaced analogy.
JUNE 03, 2011 by SHELDON RICHMAN
If one favors property rights in tangible things, why would one not favor them in intangibles?