Is Copyright Necessary?, Arnold Kling | EconLog | Library of Economics and Liberty:
'via Blog this'
Clement's article revolves around a controversial proposition articulated by Michele Boldrin and David K. Levine. They argue that copyright is unnecessary to reward innovation. According to their theory, if people are allowed to copy freely, then this will raise the value of the first few copies (which presumably are made by the creator) to the same point that would be reached if the initial creator were given the right to restrict copying.
