Innovation, Ethics, and Entrepreneurship

This paper is a response to Ray's (2004) recent proposal that the intellectual property rights (IPR) attached to potentially life saving/life sustaining innovations should become public goods in cases where markets are either unable or unwilling to pay for the creation of the intellectual prope...

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Bibliographic Details
Authors: Miles, Morgan P. (Author) ; Munilla, Linda S. (Author) ; Covin, Jeffrey G. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2004
In: Journal of business ethics
Year: 2004, Volume: 54, Issue: 1, Pages: 97-101
Further subjects:B Policy
B Ethics
B Innovation
B Entrepreneurship
B intellectual property rights
Online Access: Volltext (JSTOR)
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Summary:This paper is a response to Ray's (2004) recent proposal that the intellectual property rights (IPR) attached to potentially life saving/life sustaining innovations should become public goods in cases where markets are either unable or unwilling to pay for the creation of the intellectual property. Using a free market approach to innovation based on Western moral philosophy, we suggest that treating intellectually protected life saving/life sustaining innovations as public goods will likely reduce social welfare over the long term.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1023/B:BUSI.0000043501.13922.00