ECONOMIC FOUNDATIONS OF
INTELLECTUAL PROPERTY RIGHTS
JOSEPH E. STIGLITZ
"CONCLUSION
Intellectual Property Rights are important, but the importance of
IPR has been exaggerated, as they form only one part of our
innovation system. IPR should be seen as part of a portfolio of
instruments. We need to strengthen the other elements of this
portfolio and redesign our intellectual property regime to increase its
benefits and reduce its costs. Doing so will increase the efficiency of
our economy—and most likely even increase the pace of innovation."
http://cgt.columbia.edu/files/papers/2008_Econ_Fdns_IPR.pdf
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