Wilmer Cutler Pickering Hale and Dorr Antitrust Series
IP Antitrust: Keeping the Free-Market Innovation Machine Working
Abstract
One of the most thoughtful books in recent years on how innovation drives economic growth is Professor William Baumol’s The Free-Market Innovation Machine. In it, Professor Baumol shows that over the past 150 years, per capita incomes in a typical free market economy have risen at unprecedented levels. He argues that the engine driving this growth is the competitive pressure a well-functioning free market economy places on firms to invest in innovation and to share new technologies with the firms that can use it most efficiently.
Subject Area
Anti-Trust
Recommended Citation
William Kolasky,
"IP Antitrust: Keeping the Free-Market Innovation Machine Working"
(January 2006).
Wilmer Cutler Pickering Hale and Dorr Antitrust Series.
Wilmer Cutler Pickering Hale and Dorr Antitrust Series.
Working Paper 5.
http://law.bepress.com/wilmer/papers/art5
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