State of Innovation

Patents and Innovation Economics

Scarcity and Intellectual Property: Empirical Evidence of Adoption/Distribution of Technology

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.  Continue reading

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June 25, 2009 Posted by | -Economics, -Legal, -Philosophy, Innovation, Patents | , , , , , , , | 13 Comments

Scarcity – Does it Prove Intellectual Property is Unjustified?

A number of scholars[1] have suggested that the logical basis for tangible property rights is scarcity.  Property rights efficiently allocate these resources and avoid conflicts between competing rights of individuals.  These scholars argue that ideas and invention 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.  Continue reading

June 22, 2009 Posted by | -Law, -Philosophy, Innovation, Patents | , , , , , , , , , | 4 Comments