Archive for June 25th, 2009
A number of scholars[1] have suggested that the logical basis for property rights is scarcity. Property rights efficiently allocate these resources and avoid conflicts. These scholars argue that ideas and inventions are not subject to scarcity and therefore intellectual property rights should not exist. These arguments seem to be particularly prevalent among Libertarians, including the Cato Institute and Von Mises Institute, and the open source community.
A number of scholars[1] have suggested that the logical basis for property rights is scarcity. Property rights efficiently allocate these resources and avoid conflicts. These scholars argue that ideas and inventions are not subject to scarcity and therefore intellectual property rights should not exist. These arguments seem to be particularly prevalent among Libertarians, including the Cato Institute and Von Mises Institute, and the open source community. In this article we will examine whether there is a lack of scarcity in the creation of ideas.
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