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The author is dangerously close to realizing that all property rights are incoherent! Just take the contrapositive of your current position, and then keep going. Economics still works fine. The funny thing, though, is that information doesn't behave like a typical good; it's only got marginal cost to duplicate, and is usually too cheap to meter, and every purchase adds a new seller to the market. Thus, it's kind of hard to even justify applying the economic question to information. Indeed, our societies are so drenched in information that we put price tags on tooling which can reduce, filter, aggregate, summarize, and otherwise lower the total number of bits of information within our control. Any pragmatic and ethical intellectual property law regime must account for the practical truth that artists and scientists can only receive a full education by participating in an underground copyright-infringement movement which consists of private libraries, ad-hoc study sessions, thumb drives full of art and philosophy, and most recently Bittorrent and Sci-Hub. Our current law regime is completely out of touch with this reality, and fixing it will require drastically shortening the length of copyright, ending works-for-hire, and taking other big actions to destroy the media cartels. |
Valuable information that's easy to reproduce isn't a new phenomenon. See Who Owns the News?. Nor is it peculiar to digitally reproducible works today. See Rothman's The Right of Publicity. Both highly skeptical of many legal developments, but not doctrinaire or absolutist.
Digital technology didn't take the economic theory of property by surprise. See Information Rules, or even Landes and Posner's The Economic Structure of Intellectual Property Law. The latter goes light on software and the Internet, but covers all the same dimensions of marginal cost, prior work, and so on, in analysis of other domains. Cost savings with digital technology didn't break the theories or policy justifications. They just made analysis of certain combinations more valuable.
If I've guessed right, here comes the part where you lump me in with Disney, the Copyright Office, the IP Watchdog people, and other "IP maximalists". They lump me in with the pirates.