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Re: intellectual property and microeconomics (3.00 / 1)

"So neoclassical economics says we should legalize making copies of $100 bills?"

Actually it doesn't say that at all. Money is the medium of exchange and it's value is unrelated to the cost of printing the bills.

" Anyways, neoclassical economics says a lot of things that are just plain not"

Actually, I didn't say that neoclassical economics says that you ought to be able to copy all IP for free. It's just that IP doesn't come from the free market, it comes from society granting monopoly rights to the owner of the IP. And society has a righgt to democratically set the terms of those rights.

"To me it is one of those areas where the negation of stupidity is more stupidity.  I disagree with RIAA attempts to criminalize fair use, but I applaud Willie Dixon's lawsuit against Led Zepplin for "copying" his song"

Not being a fan of either Zep or Willie Dixon, I can't comment. But I would say that cheap uncreative hip hop acts that sample entire melodies from previouos hits ought to have that right. And I think it was silly when Goerge harrison got sued for ripping of the song "he's so fine".

Keith

by keith johnson on Thu Nov 17, 2005 at 12:02:33 AM EST
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Re: intellectual property and microeconomics (3.00 / 1)

It's not a question of whether you like Willy's music. The question is whether a poor black songwriter should be able to go to court to make a bunch of rich white musicians pay him when they copy his creative work and make a bunch of money from it. You can easily pick other examples. Should Mark Twain have had the right to force publishers to pay him for editions of his work ?  Should Robert Kearns have been able to keep GM from taking his invention and selling it without paying him?

As a Democrat and a Liberal, I'm on the side of Willy Dixon, Mark Twain, and the lone inventor, and I'm not too thrilled with paving the way for the big guys to be able to just take and repackage the hard work of creative people and run them over on the way to the bank.

by flyoverperson on Thu Nov 17, 2005 at 12:23:48 AM EST
[ Parent ]

Re: intellectual property and microeconomics (none / 0)

"It's not a question of whether you like Willy's music. The question is whether a poor black songwriter should be able to go to court to make a bunch of rich white musicians pay him when they copy his creative work and make a bunch of money from it. You can easily pick other examples. Should Mark Twain have had the right to force publishers to pay him for editions of his work ?  Should Robert Kearns have been able to keep GM from taking his invention and selling it without paying him?"

I agree with you about that. None of that changes the fact that IP rights are monopoly rights granted by us to the person. We have the right to define the structure of those rights. And we ought not come up with a structure that protects the corporate giants at the expense of the general public. That's all I'm saying.

Keith

by keith johnson on Thu Nov 17, 2005 at 08:11:05 AM EST
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