Felten Names The Pizzaright Principle

from the live-it dept

For years, in arguments over intellectual property, it often makes sense to make comparisons to tangible goods to show where arguments break down. A personal favorite for many years is to use pizza as an example good. Not sure why, but it's an easy example. Apparently, I'm not alone. Ed Felten has written up a new concept, called The Pizzaright Principle, as a way of examining claims for stricter intellectual property laws. His argument is that if you can apply the same reasons people say we need stronger intellectual property laws to the idea that someone deserves an exclusive right to sell pizza in a certain market, then you've shown why the arguments being given are bogus. This is a simple recognition: intellectual property laws are granting a monopoly to the owner. In a market economy there are very few situations where a monopoly is the most efficient or best solution for everyone. Whoever is in line to get the monopoly, however, is always going to claim it's a better result. Unfortunately, our politicians seem to only listen to those in line to get the monopoly rights on intellectual property -- and thus, have no problem continually expanding those rights well beyond what's good for the economy or society. So, Pizzaright it is. Now watch, Felten will sue us for trademark infringement...
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  1. identicon
    Curious, 28 Sep 2005 @ 1:23pm

    hmm

    As regards patents, the balance of granting a monopoly is needed to motivate people to invest in research. Sure, sometimes you get lucky and get rewarded many times over the cost of the research, but many times not. Are you suggesting society would be better off without these expensive research undertaking? I doubt it, but without a monopoly, then how do you provide motivation for people to undertake expensive research.

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