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Great article on intellectual property |
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Wednesday, 15 September 2004 |
Mark A. Lemley at Stanford Law published a great paper titled Property, Intellectual Property, and Free Riding. He does a great job at tying the economic and legal issues together to make sense of the big picture.
What it comes down to is this: Intellectual property owners do not suffer from the same free rider problem physical property owners do. If you steal my car, I can't drive it. If I write a song, and you sing it at a bar for money, I'm no worse off. Intellectual property law should be setup to provide just enough incentive for me to write the song and no more. If strong protection of intellectual property is the exception and not the rule, we are all better off.
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