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By Michele Boldrin, David K. Levine

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"Intellectual property" - patents and copyrights - became debatable. We witness children being sued for "pirating" track - and we discover AIDS sufferers in Africa demise as a result of inability to pay for medicinal drugs which are expensive to fulfill patent holders. Are patents and copyrights necessary to thriving construction and innovation - can we want them in order that all of us might get pleasure from wonderful song and solid well-being? throughout time and house the resounding resolution is: No. So-called highbrow estate is actually an "intellectual monopoly" that hinders instead of is helping the aggressive unfastened industry regime that has brought wealth and innovation to our doorsteps. This ebook has vast assurance of either copyrights and patents and is designed for a normal viewers, concentrating on uncomplicated examples. The authors finish that the one brilliant coverage to stick to is to do away with the patents and copyright structures as they presently exist.

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70–71. The stories of Hollywood and of the origin of sound recording are from Lessig (2004). Lessig (2004), p. 54. Flint (2002), p. 1. Reporting of Penthouse’s financial problems, and indications that they are due to the advent of the Internet, are widespread in the press. See, for example, Carr (2002). Our main source of information about the pornography industry was Swartz (2004). 10:35 P1: KNP CUUS245-03 head margin: 1/2 gutter margin: 7/8 cuus245 978 0 521 87928 6 May 8, 2008 THREE Innovation under Competition We have just seen numerous examples showing the frenetic pace of creation in the absence of copyright.

Copyright protects specific words, but not the news itself – and new reports of the form “the AP is reporting that the government of Pakistan has just captured Osama Bin Laden” are perfectly legal and not a violation of copyright at all. Because the news industry has been thriving, profitable, and highly competitive for a long while, the advent of the Internet scared off only a few incompetent fellows. Still, everyone wants a monopoly, and the news industry is scarcely immune to greed. The arrival of innovative technologies and creative competitors drives the temptation to use existing copyright legislation to preserve or gain monopoly power particularly hard to resist.

27 Around the time of the French Revolution, and under the label of propri´et´e litt´eraire, the idea that the works of art, literature, and music belonged to their authors who could sell or reproduce them at will, without royal authorization, became popular. The fight for propri´et´e litt´eraire was not a fight for monopoly but, instead, a request to abolish a particularly hideous royal monopoly: that over ideas and their expression. The institutional arrangements surrounding eighteenth-century French publishing in the absence of copyright is also of some interest.

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