Topic 4: Technology dead ends and the role of intellectual property.
In your original contribution, address both parts of this topic. In your reply, address at least part (b):
What is a ‘technology dead end’? Why are technology dead ends important for economic growth? Illustrate with an example. Hint: Easterly (2002) talks about all this in ch. 9.
In your opinion, does intellectual property (i.e. temporary ownership of ideas) incentivize the creation of more new ideas or does it lower the rate of subsequent innovation and creative expression? Explain briefly how or why. Gilbert (2011) may help you think about this.
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