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Knowledge as PropertyIssues in the Moral Grounding of Intellectual Property Rights$
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Rajshree Chandra

Print publication date: 2010

Print ISBN-13: 9780198065579

Published to Oxford Scholarship Online: October 2012

DOI: 10.1093/acprof:oso/9780198065579.001.0001

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The Utility of Intellectual Property Rights

The Utility of Intellectual Property Rights

Chapter:
(p.92) 4 The Utility of Intellectual Property Rights
Source:
Knowledge as Property
Author(s):

Rajshree Chandra

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198065579.003.0004

This chapter examines the consequentialist utilitarian defence for intellectual property rights (IPRs), which argues that the presence of strong IPRs spurs innovation, leading to higher economic growth and development of science and technology which benefits the society at large. Utilitarianism tends to be extensively used at the policy level. It is argued that utilitarian cost benefit analysis falters, both in terms of quantifiable economic costs, and the nonquantifiable social costs. The costs of a strong IPR regime, when measured beyond a narrow utilitarian frame, often outweigh benefits.

Keywords:   consequentialism, innovation, economic growth, utilitarianism

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