- Subject index
This Handbook brings together scholars from around the world in addressing the global significance of, controversies over and alternatives to intellectual property (IP) today. It brings together over fifty of the leading authors in this field across the spectrum of academic disciplines, from law, economics, geography, sociology, politics and anthropology. This volume addresses the full spectrum of IP issues including copyright, patent, trademarks and trade secrets, as well as parallel rights and novel applications. In addition to addressing the role of IP in an increasingly information based and globalized economy and culture, it also challenges the utility and viability of IP today and addresses a range of alternative futures.
Chapter 2: ‘The Economic Foundations of Intellectual Property’: An Arts and Cultural Economist’s Perspective
‘The Economic Foundations of Intellectual Property’: An Arts and Cultural Economist’s Perspective
Contemporary intellectual property (IP) law and practices are a complex area, but one arguably whose roots lie in a more basic application of economic theory as practised from 16th-century royal grants of ‘monopoly privileges’, through industrialization and the encouragement of scientific and mechanical invention, to post-20th-century considerations of the efficient operations of markets. The underlying principles of the development of such protections have at each stage focused on the encouragement of economic activity or the correction of perceived market failures. This chapter explores the issues of IP from the perspective of Arts and Cultural (or creative sector) economics and ...