government regulation of market processes, for several reasons. First, such a policy is based on the assumption of orthodox or neoclassical economics that AGW is a is taken up in Section 5, which expounds the Austrian alternative to existing policies. The Austrian way of thinking about the issue interprets climate change as a production process. The information costs of a carbon tax designed to encourage innovation and the uptake of new energy technologies are relatively low. Policy
hit me as I read the New York Times report “Across Europe, Irking Drivers is Urban Policy.” Yes, that’s right: policies are not trying to make driving easier and less that if government didn’t own the streets and so heavily regulate transportation innovation, we might already have flying cars by now. The claim can’t be proven or
patent oligopolists. While some confused souls argue that patents create jobs and innovation and can even stimulate the economy, more and more people have begun to economy. If you are interested in learning about the current direction of patent policy.
grow.” In fact, there is quite a bit of doubt. The Founders had no proof that any innovation gains from a patent system would outweigh its undeniable costs; they had innovation. As they write: “it seems unlikely that patents today are an effective policy instrument to encourage innovation overall” (James Bessen & Michael J. Meurer,
law has consistently fallen on those companies who excel at lowering prices, innovating their products, and expanding their customer base.” On September 21, 2011, CEOs alike at a hearing of the Senate Judiciary Committee’s Antitrust, Competition Policy, and Consumer Rights Subcommittee. According to Nextag (who?) CEO Jeffrey is not guaranteed. Competitors will arise, which in turn will incentivize further innovation. As Jeffery Tucker recently pointed out , Google is now entering the
of the intellectual property (IP) marketplace in ways that will hamper the innovation and commercialization of new technologies.” Such a conclusion can be example of how support for IP can lead to a confused analysis of the state and policy. For example, the support of patents has led some libertarians, including
founders did not view intellectual property as a natural right but only as a policy tool to encourage innovation. Yet they were nervous about monopoly privilege, which is why patents and
Toward IP? The Universals of IP Theorizing Does Monopoly Create Wealth? Does Innovation Require Property in Ideas? Seen and Unseen Cost of Patents The Book and copyrights and patents are consistent with the justice that comes from giving the innovator his due. In principle they seem fine, even if the law might be in need of that IP is really what the old classical liberals denounced as a “producers’ policy,” like protectionism or industrial subsidies. It beefs up the bottom line of
were the application of the teachings of economics to the problems of economic policy. It will and must perish if the nations continue to pursue the course which the population about the difference between free markets and interventionist policies. In “Economic Freedom in the Present-Day World,” Mises wrote, Therefore that CEOs are not running public universities is that universities oppose innovation. I remember being laughed at by administrators for trying out different
Today, our freedoms are invaded by external government controls. The less economic policy, the better. We must reduce as much as possible the weight of the state and impossible unless people are free to be different. Regulation and controls stifle innovation and experimentation. Bureaucracy gets in the way of change. Capitalism has
What is the Mises Institute?
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.