Just how much should society protect intellectual property from infringement? Are safeguards necessary to ensure economic incentives for inventors, or is the wiser course to distribute gains more equitably through public acquisition of IP rights? Knowledge and intellectual property are widely regarded as key drivers of economic and social well-being. Yet this relationship is frequently misunderstood. In this volume, from the Surveys of Recent Research in Economics series, authors Michael McAleer and Les Oxley review in-depth the economic and legal ramifications of the IP rights question. History teaches us that each technological advancement creates its own winners and losers. The debate between the push for individual control of property rights and the drive to build an ‘intellectual commons’ for the good of all is an inevitable component of ‘political economy’. This book explores the role of economic incentives in society and ultimately how to protect the rights of both producers and consumers.
Book Details:
- Author: Michael McAleer
- ISBN: 9781405160742
- Year Published: 2007
- Pages: 268
- BISAC: BUS069000, BUSINESS & ECONOMICS/Economics / General
About the Book and Topic:
Just how much should society protect intellectual property from infringement? Are safeguards necessary to ensure economic incentives for inventors, or is the wiser course to distribute gains more equitably through public acquisition of IP rights? Knowledge and intellectual property are widely regarded as key drivers of economic and social well-being. Yet this relationship is frequently misunderstood. In this volume, from the Surveys of Recent Research in Economics series, authors Michael McAleer and Les Oxley review in-depth the economic and legal ramifications of the IP rights question. History teaches us that each technological advancement creates its own winners and losers. The debate between the push for individual control of property rights and the drive to build an ‘intellectual commons’ for the good of all is an inevitable component of ‘political economy’. This book explores the role of economic incentives in society and ultimately how to protect the rights of both producers and consumers.
A timely volume examining the economic and legal issues in intellectual property (IP) Includes nine state-of-the-art survey papers including contributions from Jerry Hausman, Gregory K. Leonard, Dora Marinova, Margaret Raven, and Richard Watt Evaluates the relationships between the knowledge economy, knowledge society, and intellectual property which are often not clearly articulated Discusses risk, innovation, and legal protection in relation to patent damages, music industry, trademarks, copyright to artists, indigenous knowledge and university research, knowledge economy, and country risk Interdisciplinary approach enables readers from a wide range of disciplines to appreciate the recent and significant developments in these fields
About the Author
Michael McAleer is Professor of Economics (Econometrics) at the University of Western Australia in Perth. Les Oxley is Professor of Economics at the University of Canterbury, New Zealand, and Adjunct Professor at the University of Western Australia.