Price determination of intellectual capital

The Revolt of the Poor - The Demise of Intellectual Property  August 9, 2011 – 09:54 am
Pictures Three years ago I published a book of short stories in Israel.The publishing house belongs to Israel's leading andexceedingly wealthy newspaper. I signed a contract which statedthat I am entitled to receive of the income from the sales ofthe book after commissions payable to distributors, shops, etc.A few months later , I won the coveted Prize of theMinistry of Education for short prose. The prize money a fewthousand DMs was snatched by the publishing house on the legalgrounds that all the money generated by the book belongs to thembecause they own the copyright.In the mythology generated by capitalism to pacify the masses, the myth of intellectual property stands out. It goes like this:if the rights to intellectual property were not defined andenforced, commercial entrepreneurs would not have taken on therisks associated with publishing books, recording records, andpreparing multimedia products. As a result, creative people willhave suffered because they ...

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