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And the first available text is David K Levine; Michele Boldrin - Against Intellectual Monopoly (2008) > So-called intellectual property is in fact an "intell

by mdp2021 3y ago

And the first available text is David K Levine; Michele Boldrin - Against Intellectual Monopoly (2008) > So-called intellectual property is in fact an "intellectual monopoly" that hinders rather than helps the competitive free market regime that has delivered wealth and innovation to our doorsteps

defrost 3y ago
Plenty of others to tickle the norms; eg two editions of, and commentary on: Small is Beautiful: Economics as if People Mattered (1975) ~ E.F. Schumacher “Small is Beautiful is E. F. Schumacher's stimulating and controversial study of world economies. This remarkable book is as relevant today and its themes as pertinent and thought-provoking as when it was first published thirty years ago. Small is Beautiful looks at the economic structure of the Western world in a revolutionary way. Schumacher maintains that Man's current pursuit of profit and progress, which promotes giant organisations and increased specialisation, has in fact resulted in gross economic inefficiency, environmental pollution and inhumane working conditions. Schumacher challenges the doctrine of economic, technological and scientific specialisation and proposes a system of Intermediate Technology, based on smaller working units, communal ownership and regional workplaces utilising local labour and resources.” https://annas-archive.org/search?q=Small+is+Beautiful https://annas-archive.org/search?q=Small+is+Beautiful
Barrin92 3y ago
Schumpeter pointed out that innovation is rarely the result of free market regimes but instead of monopolistic competition. A situation in which individual winners temporarily capture markets and use high surplus returns to fund fundamentally expensive innovation. In dynamic economies usually a handful of firms dominate in the medium term. They're replaced across time, they don't compete in the same space. More and more complex and developed economies naturally move towards this because progress requires immense capital. Under conditions of extremely free markets firms profits are reduced due to competition, consumers capture immediate value, but the sectors remain stagnant. An example are many service industries. This also applies to open source software. it is by its nature extremely competitive and as a result almost all value is captured by its users. This is great at any given point in time, but it also means that open source software is constantly underfunded, and research is in fact ironically driven by surpluses of large firms.
- justinclift 3y ago
  > This is great at any given point in time, but it also means that open source software is constantly underfunded, and research is in fact ironically driven by surpluses of large firms. Blender seems to be showing a different path?
- lifeisstillgood 3y ago
  That is incredible insight. Do you know which schumpter book he write this in?
  - Barrin92 3y ago
    He addresses it in IIRC chapter 7 & 8 of Capitalism, Socialism and Democracy. But another more recent book I'd recommend that takes this kind of framework is The Entrepreneurial State by Mariana Mazzucato.
  - mdp2021 3y ago
    Can I suggest that you check, for a first glance and orientation, Schumpeter’s View on Innovation and Entrepreneurship (by Karol Śledzik, Uni Gdansk) - https://www.researchgate.net/publication/256060978_Schumpeter%27s_View_on_Innovation_and_Entrepreneurship https://www.researchgate.net/publication/256060978_Schumpete... > In his earlier view (emphasized in The Theory of Economic Development, originally published in 1912), Schumpeter highlighted the function of entrepreneurs who is carrying out new combinations. He viewed the occurrence of discontinuous and “revolutionary” change as the core of “economic development” which breaks the economy out of its static mode (“circular flow”) and sets it on a dynamic path of fits and starts. Three decades later, in his Capitalism, Socialism, and Democracy (1942), Schumpeter took the view that dynamic capitalism was executed to fail because the very efficiency of capitalist enterprise would lead to monopolistic structures and the disappearance of the entrepreneur
    - jacquesm 3y ago
      > Schumpeter took the view that dynamic capitalism was executed to fail because the very efficiency of capitalist enterprise would lead to monopolistic structures and the disappearance of the entrepreneur Which seems to be more or less spot on, except that 'the entrepreneur' also includes the lucky few that end up with the new monopolies.

defrost 3y ago

Plenty of others to tickle the norms; eg two editions of, and commentary on: Small is Beautiful: Economics as if People Mattered (1975) ~ E.F. Schumacher “Small is Beautiful is E. F. Schumacher's stimulating and controversial study of world economies. This remarkable book is as relevant today and its themes as pertinent and thought-provoking as when it was first published thirty years ago. Small is Beautiful looks at the economic structure of the Western world in a revolutionary way. Schumacher maintains that Man's current pursuit of profit and progress, which promotes giant organisations and increased specialisation, has in fact resulted in gross economic inefficiency, environmental pollution and inhumane working conditions. Schumacher challenges the doctrine of economic, technological and scientific specialisation and proposes a system of Intermediate Technology, based on smaller working units, communal ownership and regional workplaces utilising local labour and resources.” https://annas-archive.org/search?q=Small+is+Beautiful https://annas-archive.org/search?q=Small+is+Beautiful

Barrin92 3y ago

Schumpeter pointed out that innovation is rarely the result of free market regimes but instead of monopolistic competition. A situation in which individual winners temporarily capture markets and use high surplus returns to fund fundamentally expensive innovation. In dynamic economies usually a handful of firms dominate in the medium term. They're replaced across time, they don't compete in the same space. More and more complex and developed economies naturally move towards this because progress requires immense capital. Under conditions of extremely free markets firms profits are reduced due to competition, consumers capture immediate value, but the sectors remain stagnant. An example are many service industries. This also applies to open source software. it is by its nature extremely competitive and as a result almost all value is captured by its users. This is great at any given point in time, but it also means that open source software is constantly underfunded, and research is in fact ironically driven by surpluses of large firms.

justinclift 3y ago
> This is great at any given point in time, but it also means that open source software is constantly underfunded, and research is in fact ironically driven by surpluses of large firms. Blender seems to be showing a different path?
lifeisstillgood 3y ago
That is incredible insight. Do you know which schumpter book he write this in?
- Barrin92 3y ago
  He addresses it in IIRC chapter 7 & 8 of Capitalism, Socialism and Democracy. But another more recent book I'd recommend that takes this kind of framework is The Entrepreneurial State by Mariana Mazzucato.
- mdp2021 3y ago
  Can I suggest that you check, for a first glance and orientation, Schumpeter’s View on Innovation and Entrepreneurship (by Karol Śledzik, Uni Gdansk) - https://www.researchgate.net/publication/256060978_Schumpeter%27s_View_on_Innovation_and_Entrepreneurship https://www.researchgate.net/publication/256060978_Schumpete... > In his earlier view (emphasized in The Theory of Economic Development, originally published in 1912), Schumpeter highlighted the function of entrepreneurs who is carrying out new combinations. He viewed the occurrence of discontinuous and “revolutionary” change as the core of “economic development” which breaks the economy out of its static mode (“circular flow”) and sets it on a dynamic path of fits and starts. Three decades later, in his Capitalism, Socialism, and Democracy (1942), Schumpeter took the view that dynamic capitalism was executed to fail because the very efficiency of capitalist enterprise would lead to monopolistic structures and the disappearance of the entrepreneur
  - jacquesm 3y ago
    > Schumpeter took the view that dynamic capitalism was executed to fail because the very efficiency of capitalist enterprise would lead to monopolistic structures and the disappearance of the entrepreneur Which seems to be more or less spot on, except that 'the entrepreneur' also includes the lucky few that end up with the new monopolies.