'The Role of Intellectual Property in an Innovation Economy' Adam Mossoff, Hayek Lecture Series

Adam Mossoff is Professor of Law at Antonin Scalia Law School, George Mason University. He is a founder of the Center for the Protection of Intellectual Property, and is now a Director of Academic Programs and a Senior Scholar. He teaches a wide range of courses at the law school, including property, patent law, trade secrets, trademark law, remedies, and internet law. He has published extensively on the theory and history of how patents and other intellectual property rights are fundamental property rights that should be secured to their owners and legally protected as commercial assets in the marketplace. He has testified before the Senate and the House on patent legislation, and he has spoken at numerous congressional staff briefings and academic conferences, as well as at the PTO, the FTC, the DOJ, the National Academy of Sciences, and the Smithsonian Museum of American History. His writings on patent law and policy have also appeared in the New York Times, Forbes, Investors Business Daily, The Hill, Politico, and in other media outlets. He is a member of the Public Policy Committee of the Licensing Executives Society, an appointed member of the Amicus Committee of the American Intellectual Property Law Association, and a member of the Academic Advisory Committee of the Copyright Alliance. He has served as past Chair and Vice-Chair of the Intellectual Property Committee of the IEEE-USA.

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Produced by Shaun King, Duke University Department of Political Science Communications Specialist

[Melki]

Thank you Professor Mossoff what an amazingly user friendly or interesting presentation of a complicated and important concern.

[Melki]

The strong correlation I believe, is due to this principle:
The scarcity of the world is not of time nor energy nor money but of mutual solutions. Solutions are unlimited but we are not rich enough because we are not giving back to our sources of solutions.
Patent enables and forces people to do this, which is a good thing. Although I do believe that this doesn't have to be the only way to address the issue.

I have an idea which is for social media companies to enable each users to issue stickers that could be bought by another user. The sticker then will be posted in the buyer's profile page.
Having plenty of meaningful stickers in your profile page means you might be a good business partner, or customers prefer to buy your products.

[subhanali]

Thank you Professor. My teacher told me to present the role of innovation in US economy which I couldn't found. Can anyone help me in this regard?

[aritragupta]

Wasn't Hayek against IP and copyrights??

[CarrotCakeMake]

His example for the economic benefit of patents is the sewing machine, which by his own admission, only came to market at an affordable price because Isaac Singer ignored (or was possibly unaware of) the patents of Elias Howe. Might want to look for another example.

[Charlieandersali]

Great talk. How much caffeine has this fella had? ☕️

[billywalendom]

4.00 many economists believe ip isnt productive

[CarrotCakeMake]

Spoiler, 22:30, the problem with government granted monopolies is that they cannot be sold to someone else. That is why government granted monopolies = bad and IP = good.

[عبداللهحمام-قظ]

I don't know any thang about these

[CarrotCakeMake]

Spoiler, 18:20, his reason that taxi medallions are different from IP is that you can't sell half a taxi medallion. Therefore taxi medallions = bad and IP = good. Oh and he also mentions that taxi medallions can't be transferred between states, that's why they're bad.

[kotovalexarian]

Saying to libertarians that IP is good? Really? That's even more stupid than just saying that IP is good.