D1#05 Michael Heller - Keynote speech WCS 2009

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World Copyright Summit
9-10 June 2009, Ronald Reagan Center, Washington DC, USA

New Visions for Creative industries:
The Law and Economics Perspective

Private ownership usually creates wealth, but too much ownership has the opposite effect -- it creates gridlock. This free market paradox is at the center of US law professor Michael Heller's new book, "The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives." While gridlock can block cutting edge cultural innovation in art and music, the solution, according to Heller, lies in "well-designed collective rights management." Expect a wide-ranging and intellectually-stimulating keynote from a legal scholar whose insight was described by former President Bill Clinton as key to understanding today's economy.

Michael Heller, Lawrence A. Wien Professor, Columbia Law School / author of “The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives.” (USA)