Monopoly Kills Creativity

Against Intellectual Monopoly might have begun with a story about the failed attempts to stop illegal downloads or the wicked crackdowns on teens for file sharing. Instead the authors take us back to the Industrial Revolution to explode the myth of the supposedly great innovator James Watt and his steam engine. Why? Because, as the introduction points out, this is a book of economics. If you have something to add to the science, it can’t just apply to now, or last year, in this place, or just that place. Economics is a universal science. Its laws and lessons apply to … Continue reading Monopoly Kills Creativity