Intellectual Property Rights and Innovation

How intellectual property influences innovation and growth in the economy depends on the application of intellectual property law. No intellectual property (IP) rights would hinder innovation. Complicated application of confusing and overreaching IP rights also hinders innovation. Now I see the USA systems as having overreaching claims of IP rights, IP rights granted for obvious ideas which then are used to extort those actually producing value and overall a system much in need of improvement.

Lawrence Lessig does the best job of presenting the value of improving our application of IP law.

Related: The Patent System Needs to be Significantly ImprovedPatent Review InnovationIs the US Patent System Endangering American Innovation?Do Intellectual Property Rights Help or Hinder Innovation? by Amy Rowell

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