Patent Protection Debate
Richard and Russ engage in a lively debate about the effectiveness of patent protection in promoting innovation. Richard argues for strong property protections, while Russ remains agnostic on the issue. They discuss the barriers to entry created by patent and copyright protection, the pace of innovation, and the role of antitrust laws. The conversation touches on the importance of voluntary contracts, the distinction between device and functionality, and the need for incremental modifications to existing patent laws.In this clip
From this podcast
EconTalk
Richard Epstein on Classical Liberalism, Libertarianism, and Lochner
Related Questions
How does the patent system work in relation to the episode Robin Feldman on Drug Patents, Generics, and Drug Wars and the clip Weak Patents and Generic Drugs?
Are monopolies stifling true market innovation as discussed in the episode Michael Munger on Antitrust and the clip The Monopoly Debate?
Are monopolies stifling true market innovation as discussed in the episode Michael Munger on Antitrust and the clip Antitrust Trade-offs?