Boldrin on intellectual property (by Russell
Roberts)<http://www.cafehayek.com/hayek/2009/05/boldrin-on-intellectual-property.html>

Posted: 18 May 2009 10:39 AM PDT

The latest EconTalk is with Michele
Boldrin<http://www.econtalk.org/archives/2009/05/boldrin_on_inte.html>.
He and David Levine make a very provocative case against intellectual
property in their new book, Against Intellectual Monopoly (available online
here <http://www.micheleboldrin.com/research/aim.html> at no charge.) I find
myself, to my surprise, moving very much in their direction.
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Presumptions Are Not Facts (by Don
Boudreaux)<http://www.cafehayek.com/hayek/2009/05/presumptions-are-not-facts.html>

Posted: 18 May 2009 08:16 AM PDT

Here's a letter that I sent to the *Washington Post*:
Seeking more active application of antitrust regulations, Steven Pearlstein
wants the Supreme Court to reject "the view of Chicago school economists" -
a view in which, according to Mr. Pearlstein, "monopolies are actually good
for consumers because they attract the money and talent necessary for
innovation" ("Can Obama Bring Back the Trust
Busters?<http://www.washingtonpost.com/wp-dyn/content/article/2009/05/15/AR2009051502920.html>"
May 17).

Mr. Pearlstein seriously misunderstands Chicago-school economics.  Those
economists do not believe that "monopolies are actually good for
consumers."  Quite the contrary.  What the researches of these economists *
do* reveal, instead, is this: First, competition is so robust that it is
seldom, if ever, squelched by firms who do not enjoy special government
privileges; second, being big and/or extra-efficient does not make a firm a
monopolist; and third, antitrust statutes themselves have often been used to
restrain competition.

It's disappointing that Mr. Pearlstein's understanding of both
Chicago-school economics and of antitrust is so superficial.

Sincerely,
Donald J. Boudreaux
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