The main questions addressed in this Article are thus: given that growth is a highly desirable phenomenon and that it is primarily spurred by technological innovation, how should society solve the problem of favoring a sufficient level of investments in R&D? In particular, is it necessarily true and always desirable that, independent of any other consideration, society should protect innovators from competition and shelter them in a legally protected and enforced monopoly? Is it true that the real source of economic value of new recipes is only found in the blueprints of ideas that those recipes implement? Is it necessarily true that an unavoidable trade-off exists between the growth rate of an economy and its static level of welfare?
Giovanni Dosi, Luigi Marengo & Corrado Pasquali,
Knowledge, Competition and the Innovation: Is Stronger IPR Protection Really Needed for More and Better Innovations,
Mich. Telecomm. & Tech. L. Rev.
Available at: http://repository.law.umich.edu/mttlr/vol13/iss2/7