According to Richard Epstein, the laws that were once applicable to intellectual property in the past now face the challenge that they cannot be applied to the technological era we are now living in. Therefore, he talks about the intellectual property for the technological age and the rights applied to this new form of possession. He gives a brief comparison between common and Roman law and the achievements that the latter has accomplished. He also speaks about property rights and its cost of opportunity as well as the consequences of a private system of property. Epstein comments on the subjects of patent rights and copyrights, the costs of the patent system, the role of state monopolies, and also illustrates the experience that the United States has had in relation to copyrights. Furthermore, he explains the consequences of cheap patent rights, the intellectual property transfer through the licensing program, and the similarities and differences between property and intellectual property rights.
Richard Epstein is the James Parker Hall Distinguished Service Professor of Law, faculty director for curriculum, and director of the Law and Economics Program at the University of Chicago Law School. He has written various books, including: Antitrust Decrees in Theory and Practice: Why Less is More (AEI 2007); Overdose: How Excessive Government Regulation Stifles Pharmaceutical Innovation (Yale University Press, 2006); Skepticism and Freedom: A Modern Case for Classical Liberalism (University of Chicago, 2003), and others. He holds an AB from Columbia College; a BA from Oxford University; and a LLB from Yale University.
Intellectual Property for the Technological Age Richard A. Epstein
Milton Friedman Auditorium
Universidad Francisco Marroquín
Guatemala, November 6, 2006
A New Media - UFM production. Guatemala, November 2006 Camera 1: Sergio Miranda; camera 2: Jorge Samayoa; digital editing: Rodrigo Escalante; index: Christiaan Ketelaar; content reviser: Katty Schellenger; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España
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