Is Efficient Copyright a Reasonable Goal?
19 Pages Posted: 9 Sep 2011
Date Written: September 6, 2011
If we could create an economically efficient copyright law, would we want to do so? That is the question I attempt to answer in this Essay. Even though economists typically argue in favor of efficiency - and I am as guilty of this as most - my answer here is that society should not favor an economically efficient copyright law. Efficiency would lead to disparate and inferior treatment for the creators of copyrighted works compared to workers in other types of industries.
Keywords: copyright, intellectual property, patent, Henry George, fabian socialism
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