| Intellectual Property for the
Technological Age
Epstein, Richard A.
The Manufacturing Institute, the research and education arm
of the National Association of Manufacturers, University of Chicago
and the Hoover Institution, April 2006. 79p
Patents, copyrights and trade secrets play a critical role in producing
technological creativity, innovation and economic growth in the
United States and elsewhere. This study responds to objections to
IP laws, including claims they are static, freeze innovation, and
are too cumbersome and costly. Epstein maintains, “Exclusive intellectual
property rights are essential to technological innovation and do
not create undesirable monopolies, as misguided critics claim. Rather,
strong IP laws work to secure the rapid introduction of competing
technologies that expand market options.” Software engineers, pharmaceutical
researchers, filmmakers, recording artists, and other creators and
innovators cannot thrive in economies where they are constantly
being pirated. The proper management of creativity and innovation
can positively impact both developed and emerging economies. Richard
A. Epstein, Professor of law at the University of Chicago and Senior
Fellow at the Hoover Institution.
Go
to the article
|
