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Distortions in the patent market

Distortions in the patient market for new drugs mean that drugs are overwhelmingly being developed for people who will die anyway from conditions the drugs are designed to address. There are few incentives to provide preventative medicines and this distortion costs lives.

As the Economist states:

“The data paint a bleak picture. The economists find […]

Intellectual property to get cheaper

This article by Paul Krugman takes up the theme that, as a consequence of digitisation and hence of easier replicability, that intellectual property (including software, books, music, movies) will inevitably become cheaper and that products sold in conjunction with the increasingly free goods will become important. Thus the Grateful Dead encouraged the reproduction of its […]