Conventional wisdom holds that copying kills creativity, and that laws that protect against copies are essential to innovation and economic success. But are copyrights and patents always necessary? Kal Raustiala and Christopher Sprigman approach the question of incentives and innovation in a wholly new way in The Knockoff Economy — by exploring creative fields where copying is generally legal, such as fashion, food, and even professional football. h/t: Oxford University Press blog.
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