Stan Liebowitz on copyright and incentives

Stan Liebowitz

October 16, 2012 · 1 comment

Stan Liebowitz, Ashbel Smith Professor of Economics at the University of Texas at Dallas, discusses his paper, “Is Efficient Copyright a Reasonable Goal?” According to Leibowitz, economists could hypothetically calculate the exact copyright terms necessary to incentivize creators to make new works without allowing them to capture “rents,” or profits above the bare minimum necessary. However, he argues, efficiency might not be the best goal for copyright.

Liebowitz argues from a fairness or justice perspective that society should not favor an economically efficient copyright law, but one that treats creators of copyrighted works the same as workers in other types of industries. In other industries, he argues, workers are allowed to capture and keep rents.

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  • Chris From Poland

    Not the best of episodes. That unfortunate car analogy was just forced and beaten to death. It just seems that some people have certain blind spots when it comes to their discourse. You could rephrase your argument several times over, but they would still go: “Yes, but a car…”