The Hoover Institution Working Group on Intellectual Property, Innovation, and Prosperity (Hoover IP2) held the symposium “Patents and the Innovation Economy” at the Hoover Institution’s DC offices on May 15, 2014. The symposium, which attracted policy makers, legal practitioners, and academics, was among the first events held at Hoover’s DC offices.
The goal of Hoover IP2 is to create exactly the theoretically informed and empirically sound scholarly literature that is a necessary cornerstone of far-sighted public policy and then disseminate those findings to a larger public. Along with its biannual academic conferences, IP2 hopes to disseminate that research to the policy community by organizing a series of events at Hoover Institution’s Washington, DC, office. The May 15 event featured some of the research that was presented at the biannual academic conferences but was tailored to a nonacademic audience.
The question of frustration or facilitation was at the core of Hoover IP2’s DC event, a symposium on patents and the innovation economy. The symposium featured paper presentations by Zorina Khan, professor of economics at Bowdoin College and research associate for the National Bureau of Economic Research; Henry Smith, the Fessenden Professor of Law at Harvard Law School and director of the Project on the Foundations of Private Law at Harvard; and Stephen Haber, the Peter and Helen Bing Senior Fellow at Hoover, the A.A. and Jeanne Welch Milligan
Professor in Stanford’s School of Humanities and Sciences, and chair of Hoover IP2. Richard Sousa, senior associate director and research fellow at the Hoover Institution, provided opening remarks; David Kappos, a partner at Cravath, Swaine & Moore LLP and former undersecretary of commerce and director of the US Patent and Trademark Office, provided the context and moderated a lively Q&A. Judge Pauline Newman of the US Court of Appeals for the Federal Circuit provided concluding observations. The entire event can be watched here.
The members of the IP2 steering committee, which oversees the project’s research, are Stephen Haber; Hoover Institution fellows Richard Epstein, Richard Sousa, and Amy Zegart; Stanford GSB professor Wesley Hartman; Professors Naomi Lamoreaux of Yale, Ross Levine of UC Berkeley, and Henry Smith of Harvard; and former SEC commissioner Troy Paredes.