Categories
economics Uncategorized

Deadweight loss exists any time the profit-maximizing price of a unit of something exceeds the cost of producing an extra unit. In a highly competitive market in which many sellers are offering largely undifferentiated goods, profit margins are low and deadweight loss is tiny. But the whole point of copyright is that the owner of […]

Categories
politics Uncategorized

the need for copyright reform

When 75% of all books are under indeterminate copyright status, clearly there is something wrong with the copyright system. This type of legal issue, perpetuated by large copyright holders; is preventing the folks at google from creating a library to rival the lost library at Alexandria. Vaidhyanathan believes that what Google wants to do may […]