Years ago Jim Delong started to write a book on property rights--the physical ones. His publisher insisted on discussions of intellectual property. He resisted. Surely, he thought, these things are very different. But he reports his surprising conclusion that the significance of the differences for policy is less than is often thought. Intellectual property, like physical property, must be protected, for the good of consumers and everyone else, doing as little harm as possible. As for the details, "tech" and "content" each raise valid concerns and the results of experimentation and give-and-take impossible to foresee. But a functioning market is in everyone's interest.

During his tenure at CEI, he debated these issues often with Fred Smith. At first I was on Fred's side, my own views on IP strongly influenced by Tom Palmer. Over the years, though, I began to see the issue as more difficult than my philosophy could answer by reference to the standard repertoire, even Hayek and Leoni.

Questions about IP arise in a context of hard problems in philosophy of law, difficult questions of empirical economics, and the hard question of how closely law in an advanced economy must resemble primitive law. And a blinding pace of technological and economic change that makes throws existing legal institutions completely out of wack. Particularly enforcement, the aspect of law taken entirely for granted in most policy discussions. In this environment, what are the odds that we can derive the answers we need to practical problems from first principles and get it right the first time?

Thanks Jim. Come back and see us.

posted by Solveig Singleton @ 8:55 AM | Liberty and IP

Link to this Entry | Printer-Friendly | Email a Comment | Post a Comment(0)