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Economic growth begins with ideas, innovation and creativity. Since the signing of the Constitution, the U.S. has protected the fruits of creativity and innovation through intellectual property protection, primarily expressed as patents, trademarks, copyright and trade secrets.

As our economy has become even more dependent on innovation, intellectual property issues have been pushed to the forefront. The clashes have led some to question the value and even the legitimacy of IP protection. While some of these attacks come from the libertarian perspective, most originate from the same naïve socialist impulses that so demonstrably failed in the realm of real property—but somehow are seen as thoughtful with respect to IP.

IPI believes that creators have the right to own and control the fruits of their creativity, and that the IP system has done an admirable job of not only incentivizing innovation, but also making creative products and services available to the public and transferring technology to the developing world.

April 17, 2015

Drug R&D Costs: $1.7 Billion and Rising


The significant costs of developing new, life-saving drugs and treatments has reached over $1.7 billion per drug over a span of 10-12 years, due to the growing complexity of drugs, bureaucratic red tape and the short length of a drug’s patent life.

April 16, 2015

The High Cost of Inventing New Drugs--And of Not Inventing Them


The cost of developing new prescription drugs is very expensive—a process made even more expensive than it has to be because of excessive government restrictions and limited patent life. However, not developing new drugs can also be expensive, both in financial and human costs.

April 11, 2015

The High Cost Of Inventing New Drugs -- And Of Not Inventing Them


If the cost of creating new drugs is high, the cost of not having any new drugs is immeasurable.

March 24, 2015

Music Industry Makes Major Change To New Releases

According to a study by the Institute for Policy Innovation in 2007, the music industry loses out $12.5 billion each year due to piracy, or illegal downloading of music.

February 3, 2015

Intellectual Property

Intellectual property rights deserve the same protections as physical property rights, said an open letter to Congress from 67 advocacy groups, industry associations and scholars Monday.

February 3, 2015

Advocacy, Trade Groups Implore Congress to Protect IP Rights

Intellectual property rights deserve the same protections as physical property rights, said an open letter to Congress from 67 advocacy groups, industry associations and scholars Monday.

February 2, 2015

Coalition Letter to Congress Emphasizing the Importance of IP Protection

Signed by 66 think tanks, advocacy groups, scholars, issue experts and stakeholders, the letter expresses strong support for all types of IP. Instead of weakening the rights of innovators, creators, and entrepreneurs Congress should reflect on the integral role IP rights plays in American economic, technological, and cultural leadership. As such, Congress should focus on preserving and enhancing IP rights by fostering market based solutions to widespread IP theft.

January 23, 2015

NASA Spends $392,000 on A Communications Book Should We Encounter Aliens


IPI expert referenced: Bartlett D. Cleland
January 22, 2015

Free Music Isn't Such A Bargain After All

On the surface, the idea of free music is great, but the future of the art form depends on how many people will continue to pay for it. Here’s why: Music piracy has cost the recording industry more than 70,000 jobs and $2 billion in lost wages to American workers. According to the Institute for Policy Innovation, piracy equals $12.5 billion in losses to the economy every year.

January 15, 2015

A Truer Value of Art and Culture


We all benefit when artists and creators invent, write, film and imagine. It’s also true that we all lose when piracy, whether via hacking or other means, is left to run rampant. 

 

Total Records: 152

 

 

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