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by Willie Schatz, Contributing Editor Posted on Wednesday, April 19, 2006 5:20:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Although critics charge the current system is unwieldy and yields some lousy patents, NAM research arm contends it does not stifle innovation. |
WASHINGTON, D.C. -- The Manufacturing Institute has seven words for the rising number of academic and legal critics assailing the nation's intellectual property (IP) system: It ain't broke, so don't fix it. "The current uneasiness about IP makes it necessary to address head on the common objections lodged against the current law," Richard Epstein writes in Intellectual Property for the Technological Age, a report released today as part of the Institute's Manufacturing Innovation series. The Manufacturing Institute is the research and education arm of the National Association of Manufacturers. "The most prominent theme, which appears in multiple guises, is that today's IP law frustrates the very innovation that it's supposed to achieve," writes Epstein, a professor at the University of Chicago School of Law. "Every system of property rights necessarily creates some winners and some losers. Does the IP law supply excessive protection to inventions, writings and the trade secrets intended to promote technological innovation? Some of these objections hit the mark," Epstein conceded in a press conference here today. [Click to continue] |
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