Economists: Abolish Copyright & Patents to Save the Economy

Economists: Abolish Copyright & Patents to Save the Economy:

Two econ­o­mists from Washington University have looked at cur­rent copy­right and patent laws and con­cluded that they’re not good. The pair see cur­rent intel­lec­tual prop­erty laws as sim­i­lar to “medieval trade monop­o­lies” which were bad for the econ­omy as a whole, and are call­ing for the sys­tem to be reformed.

An inter­est­ing per­spec­tive, and one in which I am cur­rently explor­ing in a “thought-​​piece” paper for a class on law, tech­nol­ogy and devel­op­ment. I expect to have more to say about this later.

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