How does mainstream economics analyze the economics of intellectual property?

Mainstream economic theory is based on the rationality assumption: that people act as best they can to promote their interests. In contrast, behavioural ... Jan 26, 2025 ... No photo description available. Rick Gannon. 󱢏. Blogger. No photo description available. LBC. 󱢏. News & media website. No photo description ... May 2, 2018 ... Economics has persistently failed to address this fundamental — and solvable — problem. The gaps between inventions and innovations have led to ... Description ... The book follows the evolution of the economic mainstream through four major transformations of the discipline: from political to analytical ... Apr 9, 2023 ... The Dead Parrot in question is the "Money Multiplier": the theory that banks create money by lending out reserves. It's also called "Fractional Reserve Banking ... In this paper we argue that much of this criticism today is off the mark because mainstream economic thinking has changed. We argue that economics is moving ... Sep 27, 2021 ... "Mainstream economics is replete with ideas that “everyone knows” to be true, but that are actually arrant nonsense. A defender of traditional economic analysis could argue that these examples are compatible with mainstream theory. Economists have long recognised the ... ABSTRACT. This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something ... Jul 8, 2014 ... 'Economics of the 1%: How Mainstream Economics Serves the Rich, Obscures Reality and Distorts Policy' reviewed by Bill Jefferies