Innovation, ethics, and entrepreneurship

Morgan P. Miles, Linda S. Munilla, Jeffrey G. Covin

Research output: Contribution to journalReview article

21 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)97-101
Number of pages5
JournalJournal of Business Ethics
Volume54
Issue number1
DOIs
Publication statusPublished - Sep 2004

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