A critical review of against intellectual monopoly

A critical review of against intellectual monopoly Rev Austrian Econ (2011) 24:81–84 DOI 10.1007/s11138-010-0127-z John Kennedy Published online: 6 October 2010 The Author(s) 2010. This article is published with open access at Springerlink.com Against Intellectual Monopoly, by Michele Boldrin and David Levine (2007), is a coherent, well-written, and persuasive argument against strong forms of government protection of intellectual property rights. The authors contend that intellectual property rights do not generally promote social welfare, that intellectual property protection generates perverse distributional outcomes, and that firms do not respond to greater levels of protection of intellectual property protection by actually producing more innovation or, if they do, such additional creation is not socially optimal. Although generally quite sound, the book is not without problems; its normative judgments of drug companies are wildly overstated, and the first-mover argument does not adequately address the virtually instantaneous availability of many copyrighted goods online. The book is not written from an Austrian perspective per se, but does extend the logic of the benefits of competitive markets to non-physical goods, and draws conclusions that libertarians are likely to welcome. The authors hold that major technological progress occurs more or less spontane- ously as a result of individuals making incremental changes to improve products http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

A critical review of against intellectual monopoly

Loading next page...
 
/lp/springer_journal/a-critical-review-of-against-intellectual-monopoly-Zs0ecVQjFy
Publisher
Springer US
Copyright
Copyright © 2010 by The Author(s)
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-010-0127-z
Publisher site
See Article on Publisher Site

Abstract

Rev Austrian Econ (2011) 24:81–84 DOI 10.1007/s11138-010-0127-z John Kennedy Published online: 6 October 2010 The Author(s) 2010. This article is published with open access at Springerlink.com Against Intellectual Monopoly, by Michele Boldrin and David Levine (2007), is a coherent, well-written, and persuasive argument against strong forms of government protection of intellectual property rights. The authors contend that intellectual property rights do not generally promote social welfare, that intellectual property protection generates perverse distributional outcomes, and that firms do not respond to greater levels of protection of intellectual property protection by actually producing more innovation or, if they do, such additional creation is not socially optimal. Although generally quite sound, the book is not without problems; its normative judgments of drug companies are wildly overstated, and the first-mover argument does not adequately address the virtually instantaneous availability of many copyrighted goods online. The book is not written from an Austrian perspective per se, but does extend the logic of the benefits of competitive markets to non-physical goods, and draws conclusions that libertarians are likely to welcome. The authors hold that major technological progress occurs more or less spontane- ously as a result of individuals making incremental changes to improve products

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Oct 6, 2010

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off