Intellectual Property Laws Under Fire: Calls for Dramatic Alterations
The article argues that current laws on intellectual property are causing problems by giving too much power to the owners of ideas, rather than the physical objects that embody them. This leads to restrictions on how consumers can use these goods. The authors suggest that patent and copyright laws need to be changed to address these issues. They provide theoretical arguments to support their claim, even in cases where goods are made at a fixed cost and no additional cost.