Intellectual property (IP) is a vital part of the global economy. It accounts for about half of the gross domestic product (GDP) in countries like the United States. IP rules are fundamental to economic activity because they affect transaction costs in the market for ideas. Innovation, competition, economic growth, and jobs can all be helped or hurt by different approaches to IP; seemingly slight changes in how IP is regulated or protected can have a remarkable impact.
A new book by
F. Scott Kieff and Troy A. Paredes, “
Perspectives on Commercializing Innovation,” explores the ways varying approaches to intellectual property can positively and negatively impact our economy and society. The book brings together diverse perspectives from the fields of law, economics, business, and political science.
This is one of several collaborations between
F. Scott Kieff and Troy A. Paredes through the
Hoover Project on Commercializing Innovation, of which Professor Kieff is the Director. The Project focuses on market-oriented, property-rights approaches to innovation, including the study of entrepreneurship, corporate governance, banking, finance, economic development, intellectual property, antitrust, bankruptcy, and related areas. The Project members explore the ways in which property rights can promote enterprise, research and development, competition, and economic growth.
F. Scott Kieff is Professor at George Washington Law School and Ray & Louise Knowles Senior Fellow at the Hoover Institution at Stanford University, where he directs the
Project on Commercializing Innovation. Professor Kieff regularly serves as a testifying and consulting expert, mediator and arbitrator to law firms, businesses, government agencies and courts, and on a range of government panels related to business and technology.
