Against Intellectual Monopoly

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Against Intellectual Monopoly

Economic<br>and Game Theory

Against Intellectual Monopoly

by Michele Boldrin<br>and David K. Levine

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"Monopoly<br>corrupts, absolute monopoly corrupts absolutely."

[this version November 11, 2005]

[see the newer version January 22, 2007]

It is common to argue that intellectual property in the form<br>of copyright and patent is necessary for the innovation and creation of<br>ideas and inventions such as machines, drugs, computer<br>software, books, music, literature and movies. In fact intellectual<br>property is not like ordinary property at all, but constitutes a<br>government grant of a costly and dangerous<br>private monopoly over ideas. We show through theory and example<br>that intellectual monopoly is not neccesary for innovation and as a<br>practical matter is damaging to<br>growth, prosperity and liberty.

Chapter 1: Introduction

Chapter 2: Creation Under Competition

Chapter 3: How Competition Works

Chapter 4: Innovation Without Patents

Chapter 5: The Intellectual Monopoly Apologists

Chapter 6: The Evil of Intellectual Monopoly

Chapter 7: The Devil in Disney

Chapter 8: Does Intellectual Monopoly Increase Innovation?

Chapter 9: The Pharmaceutical Industry

Chapter 10: The Bad, the Good, and the Ugly

Chapter 1

Chapter 2

Chapter 3

Chapter 4

Chapter 5

Chapter 6

Chapter 7

Chapter 8

Chapter 9

Chapter 10

chapter monopoly intellectual innovation against property

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