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The Costs of Intellectual Property

In: Steal This Idea

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  • Michael Perelman

Abstract

I have repeatedly mentioned the incalculable resources that the present system of intellectual property rights consumes. Let me get more specific. Frederic Scherer, of Harvard’s Kennedy School and formerly director of the Federal Trade Commission’s Bureau of Economics, is arguably the foremost economist today on the subject of industrial organization. He calculated an estimate for the cost of the patent system back in 1978, when the current system was in its infancy. Recall that the new court to promote intellectual property began in 1980.

Suggested Citation

  • Michael Perelman, 2002. "The Costs of Intellectual Property," Palgrave Macmillan Books, in: Steal This Idea, chapter 0, pages 193-207, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-07929-9_7
    DOI: 10.1007/978-1-137-07929-9_7
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