Joseph Stiglitz: The Economic Foundations of Intellectual Property

Joseph Stiglitz: The Economic Foundations of Intellectual Property

Category:

Education

Tags:

• Joseph Stiglitz
• Economic
• Intellectual Property
• Frey Lecture
• 2006
• Duke Law

[erikmongolia]

stiglitz starts at 5:00

[selfrealizedexile]

You can't homestead thoughts. Intellectual property is a way of excluding others from thinking or doing anything that might be related to what is given a gov't-enforced monopoly. Actual property, like my television set or my computer, is a means of allocating scarce resources. Copyrights and patents are nothing but monopolized production related to ideas. If we took its premise to its logical conclusion, capitalism would grind to a halt as all improvements are nothing but competitive emulation.

[devourerofbabies]

@themagus187 Right. And of course, you're qualified to judge when Stiglitz is right and wrong because you've read Atlas Shrugged and a couple paragraphs on "economics" on a libertarian website so that makes you, like, really really smart and stuff.

[themagus187]

As usual, Stiglitz is confused, gets close to the right answer, but hopelessly misses the mark. The solution is not as he proposes, to use the government to license increased use of information, rather than restrict the use under the current system. The solution is to get the government completely out of "intellectual property" because it's a complete mental delusion that undermines physical property rights.

[themagus187]

Wow, Stiglitz is basically right about something for once... One point awarded to Stiglitz... That's like 5000 negative points, and 1 positive point so far.

[mariajulia85]

¡Hola!

¿Podría alguien subtitular este video en español?

¡GRACIAS!

Hi!

Could someone add subtitles in Spanish into this video?

THANKS!

[briano8713]

@LogicalFlawDetector

IP is a state-granted monopoly acting (in theory) as a subsidy to innovation. The administered prices IP dependent firms charge represent a de facto tax. Your statement that "no free market libertarians oppose IP" is not only irrelevant, but factually incorrect - grossly. See Rothbard, Kinsella, Carson... While arguably nested private contracts may come to resemble de jure copyright, how can restrictions on 3rd parties' use of abstract non-scarce concepts be "libertarian"?

[LogicalFlawDetector]

@briano8713

Intellectual property is part of property rights. And no: no free market libertarian opposes intellectual property.

[tmcthree]

@BrettDunbar They are two things which prove to me you're an idiot.

First, you didn't watch the above video before you made this comment, and second you brought the pile of crap in the video you referenced to.

From where does the authority of the homesteader fiction come?

[BrettDunbar]

What the FUCK does intellectual property have to do with capitalism?

Nothing.

watch?v=cWShFz4d2RY