Lawrence Lessig on the Google Book Search Settlement - "Static goods, dynamic bads"

[ananiasacts]

To me the challenge is straightforward but subtle; how can our economic rules best redress all of the significant externalities that undermine our present system.? In essence, we need to more directly connect the price we pay for our choices to their true cost. This presentation is about the positive externality inherent in authorship, and how inadequately our present mechanism redresses it (ensures the author earns something proportional to the true utility of their work.)