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Is There Room for Intellectual Property Rights in Austrian Economics?

Tags Legal SystemProduction TheoryValue and Exchange

03/04/2008Paul F. Cwik

Presented at the Austrian Scholars Conference 2008.

Abstract: This paper examines whether intellectual property rights are possible under a libertarian system. It considers the arguments of Murray Rothbard and Stephan Kinsella. Rothbard has developed one of the most complete systems of rights in his Ethics of Liberty, and Kinsella has become a leader among Austrians opposing intellectual property rights in his Journal of Libertarian Studies article, “Against Intellectual Property.” This paper sides with Rothbard’s framework and offers some possibilities on how to extend the analysis of intellectual property rights in the realm of Austrian economics.

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Contact Paul F. Cwik

Paul Cwik is Professor of Economics and Finance at the University of Mount Olive and Teaching Professor of the BB&T courses in Free Market Economics at North Carolina State University.

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