Wednesday, March 07, 2012

"The importance of copyright, and hence the negative consequences of piracy for the creation of new works, are ... often exaggerated."

Richard Posner:

"The standard analysis of the optimal scope of copyright protection holds that it requires a balancing between access (to copyright works) and the incentive to create the works in the first place. But the analysis is incomplete. Access, in a broad sense that allows for copying and not just reading, promotes creativity, because most creative works build on previous works."