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Copyright and Patent Laws Hurt the Economy

Norsefire writes "Two economists at Washington University in St. Louis are claiming that copyright and patent laws are 'killing innovation' and 'hurting [the] economy.' Michele Boldrin and David K. Levine state they would like to see copyright law abolished completely as there are other protections available to the creators of 'intellectual property' (a term they describe as 'propaganda,' and of recent origin). They are calling on Congress to grant patents only where an invention has social value, where the patent would not stifle innovation, and where the absence of a patent would damage cost-effectiveness."

2 of 597 comments (clear)

  1. Re:Why bother inventing... by techno-vampire · · Score: 0, Troll

    If I do, I'll buy it used. That way, they won't be forced to violate their principles by getting a royalty from the sale.

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  2. Re:10 Years, not Infinity+ years by Jah-Wren+Ryel · · Score: 0, Troll

    Ohhh! So now YOU are deciding when "they" have made enough money. Gee, what a hypocrite.

    No, I am suggesting an amount of time which would give someone a reasonable opportunity to exploit their own work

    What you wrote has EXACTLY the same meaning as what I wrote. Quit fooling yourself.

    Apparently you regard the service of printing and distributing a book to be far more valuable than the service of actually creating the words which go into that book.

    Yes I do. Creation only needs to be done once, printing and distribution costs money for every single physical copy printed and distributed. Oh wait, "the calculus of supply and demand" does not apply. I should have remembered...

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