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The dramatic expansion of intellectual property rights represents a new stage in commodification that threatens to make virtually everything bad about capitalism even worse. Stronger intellectual property rights will reinforce class differences, undermine science and technology, speed up the corporatization of the university, inundate society in legal disputes, and reduce personal freedoms. We have no precise measure of the extent of intellectual property, but a rough calculation by Marjorie Kelly suggests the magnitude of intellectual property rights. At the end of 1995, the book value of the Standard and Poor (S&P) index of 500 companies accounted for only 26 percent of. | William M. Landes Richard a. Posner AEI-BROOKINGS JOINT CENTER FOR REGULATORY STUDIES The Political Economy of Intellectual Property Law The Political Economy of Intellectual Property Law William M. Landes and Richard A. Posner AEI-Brookings Joint Center for Regulatory Studies WASHINGTON .
