KOL177 | “Rethinking Intellectual Property: History, Theory, and Economics: Lecture 6: The Future; Integrating IP Theory With Austrian Economics and Libertarian Theory; Proposed Reforms; Imagining A P

Kinsella On Liberty - En podcast af Stephan Kinsella

Kinsella on Liberty Podcast, Episode 177. This is the final of six lectures of my 2011 Mises Academy course "Rethinking Intellectual Property: History, Theory, and Economics" (originally presented Tuesdays, Mar. 22-April 26, 2011). The first lecture may be found in KOL172. Youtube and slides for the this lecture are provided below. The course and other matters are discussed in further detail at KOL172. The “suggested readings” for the entire course are provided in the notes for KOL172. Lecture 6: THE FUTURE; INTEGRATING IP THEORY WITH AUSTRIAN ECONOMICS AND LIBERTARIAN THEORY; PROPOSED REFORMS; IMAGINING A POST-IP WORLD; THE FUTURE OF OPEN VS. CLOSED SUGGESTED READING MATERIAL See the notes for KOL172. ❧ Transcript Rethinking Intellectual Property: History, Theory, and Economics—Lecture 6: The Future; Integrating IP Theory With Austrian Economics and Libertarian Theory; Proposed Reforms; Imagining A Post-IP World; The Future of Open Vs. Closed Stephan Kinsella Mises Academy, April 12, 2011 00:00:01 STEPHAN KINSELLA: … last lecture for tonight.  I thought what I would do – I have several things planned for tonight to discuss.  Some of them are more optional than others, so I thought I would find out whether anyone has any questions.  And if there’s any questions from the lectures to date we could discuss those, say, in the first 10-15 minutes, and then I can adjust the rest of the lecture as necessary.  So if anyone has any questions you’d like to discuss now, I’d be happy to take them.  I’ll go ahead and start until I see any, and I’ll pause here in the first few minutes if anyone has any questions.  And if at any time the video has a problem or the sound has a problem, just let me know. 00:00:47 Okay, so tonight I’m going to do some review and cover a few things in a little bit more detail, and then we’ll go on to the sort of meat of the lecture in the last 30-45 minutes.  So a couple of pieces of news and some – just some news of the week.  Okay, so Jock does have a question.  I read in B&L – Boldrin and Levine – that’s the Against Intellectual Monopoly book – that financial instruments became patentable in the early ‘90s.  Is there any evidence that they contributed to the financial meltdown? 00:01:24 Oh, I think that’s a little bit beyond my expertise, Jock.  You mean the patentability of them or just the financial instruments?  I mean my view as an Austrian is that the financial meltdown was just the inevitable result of the Fed inflation-caused boom and that just something is going to pop it.  And I don’t think the financial instruments got more popular because of patents.  It was a pretty rarely used thing from what I understand. 00:01:54 Okay, so John, I agree with you.  John McGinnis, the Fed called it the meltdown.  And I don’t think – I haven’t seen much abuse from these financial patents.  I think people know they’re a little bit odd, and they would be hard to enforce, and they might not hold up.  Okay, if you have any others just type them in here.  Otherwise, let’s just go ahead and proceed.  And again, I would suggest you guys, if you want to keep up with this stuff on a daily basis or weekly basis, check out my C4SIF.org website. 00:02:31 And just in the last seven days alone I think I had 15 or so posts, some of which I’ve got here.  Some of these are actually older.  Let me just go through some of these, and if you’re curious about any of these you can click on these links or go to C4SIF and look at them in more detail.  So these are some older ones actually.  All the ones on this page are from about six months ago, five months ago maybe. 00:02:53 So there was one case where a Brazilian newspaper s...

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