3min chapter

The "What is Money?" Show cover image

A Theory of Socialism and Capitalism | The Stephan Kinsella Series | Episode 1 (WiM207)

The "What is Money?" Show

CHAPTER

Is Intellectual Property a Public Good?

The argument is that intellectual property, or knowledge, is a public good. It's non rivalrous because any number of people can use the knowledge at the same time without diminishing anyone elses se. And it's 's non excludable, because once the information becomes public, you can't stop people from copying it. This is why the human race is more successful and we know more than our ancestors. But anyway, the intellectual property lawis another tool of status meant to solve the problem, the so called problem of public goods'

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