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[News] Free Software Provides Alternative to Intellectual Monopolies

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Saving the Intellectual Commons with Open Source

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| Regular readers of this blog will know that I am not a fan of the 
| term “intellectual property”, and that I prefer the more technically correct 
| term “intellectual monopolies”. Despite that, I strongly recommend a new book 
| from someone who not only approves of the term “intellectual property”, but 
| of its fundamental ideas.    
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http://www.computerworlduk.com/community/blogs/index.cfm?entryid=1579&blogid=14


Recent:

Intellectual Property: setting the record straight

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| Instead of speaking of “intellectual property”, which invokes that feel-good
| idea of property and ownership, we should speak of “intellectual monopolies”.
| For this is precisely what copyrights and patents are: they are monopolies
| granted by governments for a limited period as part of a bargain - that, in
| return, those who are granted those monopolies hand them over to the public
| domain once the term of the monopoly has lapsed.
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http://www.p2pnet.net/story/17745


Economist Critic of Software Patents gets Nobel Prize

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| The FFII congratulates Eric S. Maskin, an economist who has long criticised
| the patenting of software, for receiving the 2007 Nobel Prize for Economics.
| Prof. Maskin and two colleagues receive the Prize for research into the
| optimal design of economic mechanisms. By applying his theory to the IT
| sector, Maskin demonstrated "that in such a dynamic industry, patent
| protection may reduce overall innovation and welfare."
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http://press.ffii.org/Press_releases/Economist_Critic_of_Software_Patents_gets_Nobel_Prize


Intellectual Property Regime Stifles Science and Innovation, Nobel Laureates
Say

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| Patent monopolies are believed to drive innovation but they actually impede
| the pace of science and innovation, Stiglitz said. The current “patent
| thicket,” in which anyone who writes a successful software programme is sued
| for alleged patent infringement, highlights the current IP system’s failure
| to encourage innovation, he said.
|
| Another problem is that the social returns from innovation do not accord with
| the private returns associated with the patent system, Stiglitz said. The
| marginal benefit from innovation is that an idea may become available sooner
| than it might have. But the person who secures the patent on it wins a
| long-term monopoly, creating a gap between private and social returns.
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http://www.ip-watch.org/weblog/index.php?p=1129
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