Stiglitz’s "Prizes Not Patents"

The Post-Autistic Economics (PAE) Review has published an intriguing policy proposal by Joseph E. Stiglitz in its May 18, 2007, issue no. 42, pp. 48-49. The proposal is called “Prizes Not Patents.” Stiglitz, a former neoliberal authority, is now a prominent critic of neoliberalism. In this short PAE essay, he argues that the patent system drives a socially-irrational drug market in the US, and Stiglitz proposes reforming the drug production incentive system.

PAE: http://www.paecon.net/

Wiki on Stiglitz: http://en.wikipedia.org/wiki/Joseph_E._Stiglitz

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