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[News] Intellectual Monopolies Slammed as Demoters of Innovation

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Research on Copyright and Innovation 

,----[ Quote ]
| So, in that context, I’ve released my research report as a working paper in 
| the Social Science Research Network’s online repository of scholarly works. I 
| haven’t yet had a chance to read the Conference Board’s reports as closely as 
| I plan to over the coming days, but I’ll be curious to see how the reports 
| align with my own research on the links between IP and innovation, and with 
| my independent policy recommendations.       
`----

http://www.jeremydebeer.ca/content/view/254/2/

Intellectual Monopoly is an Unnecessary Evil

,----[ Quote ]
| In a rush to stimulate the economy, the Obama administration is touting 
| various "visionary" plans to make the American economy more progressive, more 
| innovative, and more forward-looking by subsidizing politically-motivated 
| projects like "green" technology. These hands-on policies will be 
| ineffective. Recent research suggests that a much more effective way to 
| accomplish the same goals would be to eliminate intellectual monopoly and to 
| reduce the regulatory burdens on innovators.      
| 
| According to conventional wisdom in economics, temporary monopoly 
| rights--patents--are necessary to give people incentives to come up with 
| newer, better ideas. After all, if people who came up with new ideas could 
| see those new ideas copied without cost by competitors, why bother spending 
| the time and energy? Hence, we have patents.    
| 
| [...]
| 
| Progress is also slowed by the regulation of food and drugs, which requires 
| years of extensive and expensive testing before a drug can be approved for 
| sale. This means that some lives are saved because people are restricted to 
| hyper-safe drugs, but the lives saved come at the cost of lives that are lost 
| because the appearance of these drugs on the market is delayed. Further, 
| other drugs that would be useful but might carry greater risks never make it 
| to the market to begin with.      
`----

http://blog.mises.org/archives/010014.asp


Recent:

Microsoft Product Improvement Is Not Innovation

,----[ Quote ]
| Wow. To those who say that there are no Microsoft fans, the messages from my
| last blog entry prove you wrong. One of the complaints was my assertion that
| Microsoft does not innovate anymore; perhaps the problem is in the definition
| of that word. To me, slow but steady improvement in existing products and
| services isn't innovation, it's maintenance and support. Those are important
| things, no doubt, especially to existing customers, but they're not the same
| as innovation.
`----

http://www.informationweek.com/blog/main/archives/2009/04/microsoft_produ.html
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