British economist Rufus Pollock argues for the social and economic values of the public domain. From the abstract:
This paper calls for a re-orientation of innovation and information policy. In our current paradigm, monopoly rights, in the form of intellectual property, displace all else from our thinking on this subject making access a peripheral issue.
According to Pollock, it is high time we restored the balance, in particular by taking proper account of the public domain and open approaches to knowledge production.
The paper is only about 15 pages long and freely available online . A good read if you are interested in Intellectual Property.
Via Ars Technica.