So-called intellectual property is in fact an “intellectual monopoly” that hinders For the Lawrence R. Klein lecture, see Boldrin and Levine (b). Against Intellectual Monopoly So-called intellectual property is in fact an ‘ intellectual monopoly’ that hinders rather than Michele Boldrin and David K. Levine. Cambridge Core – Industrial Economics – Against Intellectual Monopoly – by Michele Michele Boldrin, University of Minnesota, David K. Levine, University of.

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Against Intellectual Monopoly, by Michele Boldrin | Mises Institute

Constitution and economic logic dictates. Heck, I read the book for free, and I recommend it to all my friends. But even more important is a less technical point that they emphasize. Often years of litigation result from a patent claim, and the others show in great detail the waste that results from our present monopolistic arrangements.

How Competition Works Chapter 7: This book asks whether patents and copyrights are essential to creation and innovation based on recent controversies in intellectual property.

How Competition Works pdf How would artists and innovators get paid without copyrights and patents?

As this example shows, the authors display a thorough familiarity with the ins and outs of intellectual property law. Amongst other issues the authors analyse the historical creation of pharmaceuticals and where modern funding comes from for biotechnological research and medical milestones.

It is among the most powerful technologies humans have ever developed … imitation is a technology that allows us to increase productive capacity. The authors throughout the book argue that ideas are patentable. The authors also note that it may be difficult to gauge the level of innovation actually going in a country.


The pharmaceutical industry is boldrni used as the best example of the need for patents. The chapter also looks at the Schumpeterian view that monopolies are the highest form of capitalist achievement.

EconPapers: Against Intellectual Monopoly

Nowhere is limited capacity more important than in a nascent industry. Important improvements would prevent losing more public domain by allowing patents to be freely available and challenged 66 Boldrin, supra note 2, at One of the most important recent advances in libertarian theory has come in the field of intellectual property. Even without intellectual monopoly, competition would be beneficial for innovators because although the consumer of their idea may be able to copy and reproduce the idea, the idea originally need to be purchased from the innovator.

Within their neoclassical framework, they find ample room for profit for both innovators and imitators:. Anarchy and the Law.

We show through theory and example that intellectual monopoly is not necessary for innovation and as a practical matter is damaging to growth, prosperity and liberty.

Against Intellectual Monopoly enables us to meet this challenge on its own ground. Help Center Find new research papers in: The authors use these arguments to bolster their position that copyright should be abandoned, however other conclusions can be drawn.

The Mises Review 15, No. This is where writing a lay book on IP intellectuap and economics really comes to a head.


Louis, a Fellow of the Econometric Society, and a research fellow at economic policy centers in England and Spain. The chapter also considers the competition in the literary, news, music and pornography levie.

Journal of Law, Information and Science

Murray Rothbard’s greatest contribution to the politics of freedom. The rent is insufficient because, say, the book is very complicated, and it took a long time to complete.

The Devil in Disney pdf What is the big deal with copyright? By the way If you want the print version then pay for it, but if you just want to read it then it is available for free from the author’s website here: Imitation is a great thing.

Aginst patents, would not inventions drastically decrease, crippling economic progress? Review and Rate this Item. At first glance, the thesis sounds odd. It clearly reject the application in its entirety, and indeed contains a cogent analysis of why it is a bad idea. Two things would be certain: From historical bequeaths of monopolies for playing cards to the control of the printed word, many would argue that the practical monopooy of IP regimes could only improve over the several hundred years that they have existed.