Papers
May 8, 2009
Economic Foundations of Intellectual Property Rights
| Type | Published Paper |
|---|---|
| Author(s) |
Joseph Stiglitz University Professor Department of Economics Columbia University |
This paper argues that an overly strong intellectual property regime impedes innovation. Joseph Stiglitz positions intellectual property rights within the broader landscape of society's innovation system, elaborates on the concept of knowledge as a global public good and claims that the economic costs of the patent regime are higher than is typically recognized. Finally, Stiglitz suggests possible reforms for the intellectual property rights regime.
This paper was originally presented as remarks delivered at 2007 Annual Frey Lecture, Duke University, forthcoming in Duke Law Journal, 2008.
