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Re:Paul Graham was right. It sure looks like ideas are worth... by davidw on Thursday May 24, 2007 @08:14AM (#24310)
It's evidence that the value of ideas, on aggregate, is low (which makes sense), but doesn't point to a value of 0, just lower than the transaction costs inherent in the attempt to create a market for a more or less non excludable good. Markets do best when there is sufficient information, and so a market based around secrecy and potential lawsuits isn't going to be a very good one. Look at software patents, for instance... it's not a very nice or healthy market.
Re:Paul Graham was right. It sure looks like ideas are worth... by juwo on Thursday May 24, 2007 @10:17AM (#24344)