Jump to ContentJump to Main Navigation
Creating a Learning SocietyA New Approach to Growth, Development, and Social Progress$
Users without a subscription are not able to see the full content.

Joseph Stiglitz and Bruce Greenwald

Print publication date: 2014

Print ISBN-13: 9780231152143

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231152143.001.0001

Show Summary Details
Page of

PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 24 June 2021

Intellectual Property

Intellectual Property

Chapter:
(p.429) Chapter Fifteen Intellectual Property
Source:
Creating a Learning Society
Author(s):

Joseph E. Stiglitz

Bruce C. Greenwald

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231152143.003.0015

Intellectual property rights (IPR) are supposed to provide incentives to encourage innovation. However, the provisions of the intellectual property regime that has become dominant around the world have failed to maximize learning. This chapter examines why this is so and what might be done about it. It discusses the potential disadvantages of the IPR system—that it inevitably gives rise to static inefficiencies and excessively strong, poorly designed property rights that may actually impede innovation and growth. It then considers alternatives to IPR for producing and financing knowledge. It concludes that the appropriate intellectual property regime for developing countries and emerging markets is likely to be markedly different from that appropriate for the advanced industrial countries. Alternative ways of designing an innovation system should emphasize prizes and open source. Patents will also play a role, but the details of the patent system matter: a good patent system, for instance, should pay more attention to disclosure, to problems of holdup, and to designing better systems of challenging patents.

Keywords:   intellectual property protection, intellectual property rights, learning, patents, innovation

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .