by Harold Furchtgott-Roth
May 15, 2014
Economists have long noted the importance of clear laws and property rights to facilitate transactions and promote economic activity and growth. Intellectual property including copyrights is part of the fabric of property both in the United States and around the world. Empirical studies support the relationship between copyright industries and various measures of economic growth and economic freedom. Copyrights contribute to American economic growth and benefit the American consumer.