Why Intellectual Property Isn't Necessary to Reward Innovation

Why Intellectual Property Isn’t Necessary to Reward Innovation

Tags: Bureaucracy and Regulation

02/05/2022 Vincent de Van

Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here’s what that means for different market actors

Original Article: “Why Intellectual Property Isn’t Necessary to Reward Innovation“

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.