24 January 2007

For "Against Intellectual Monopoly"

I've written several times about the wonderful online book Against Intellectual Monopoly by Michele Boldrin and David K. Levine, which argues that we don't need patents and copyrights:

It is common to argue that intellectual property in the form of copyright and patent is necessary for the innovation and creation of ideas and inventions such as machines, drugs, computer software, books, music, literature and movies. In fact intellectual property is not like ordinary property at all, but constitutes a government grant of a costly and dangerous private monopoly over ideas. We show through theory and example that intellectual monopoly is not neccesary for innovation and as a practical matter is damaging to growth, prosperity and liberty.

There's a new version available, with a hard-copy version coming from Cambridge University Press as well. Highly recommended.

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