All Posts Tagged With: "software"

Intellectual Property: Silly or Sinister?

Imagine a land recently seized from a foreign power where there is little law and a lot of gold. Since nature abhors a vacuum, prospectors quickly adopt the conventions of private property: Whoever is first to put four stakes in the ground is the proud owner of the land and any gold beneath. This would [...]

22Dec2010 | David K. Levine | 33 comments | Continued

Do Patents Encourage or Hinder Innovation? The Case of the Steam Engine

Today one of the most controversial issues in economic policy is that of patent law. Is a patent just an extension of property rights to the realm of ideas? Or is it an unwarranted interference by the government into the rights of individuals?

1Dec2008 | Michele Boldrin, David K. Levine, and Alessandro Nuvolari | 37 comments | Continued
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