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In this episode, the Gwartney team discusses what should be considered as intellectual property and why certain things may not meet the criteria. For instance, do patents restrict ownership of physical property? Does intellectual property require one to sell/buy rights? We consider that businesses are incentivized to create intellectual property, and discuss what is the government's incentive to protect it. Join us as we tackle intellectual property from all angles!
Timeline:
Patents and Ownership // 4:30
States Defend Property //10:00
Utilitarian Argument // 17:45
Prizes Instead of Patents? //22:30
Litigation Costs //30:00