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Description
The Knockoff Economy: How Imitation Sparks InnovationFrom the shopping mall to the corner bistro, knockoffs are everywhere in today's marketplace. Conventional wisdom holds that copying kills creativity, and that laws that protect against copies are essential to innovation and economic success. But are copyrights and patents always necessary? In The Knockoff Economy, Kal Raustiala and Christopher Sprigman provocatively argue that creativity can not only survive in the face of copying, but can thrive.
From the shopping mall to the corner bistro, knockoffs are everywhere in today's marketplace. Conventional wisdom holds that copying kills creativity, and that laws that protect against copies are essential to innovation--and economic success. But are copyrights and patents always necessary? In The Knockoff Economy, Kal Raustiala and Christopher Sprigman provocatively argue that creativity can not only survive in the face of copying, but can thrive. The Knockoff Economy approaches the question of incentives and innovation in a wholly new way--by exploring creative fields where copying is generally legal, such as fashion, food, and even professional football. By uncovering these important but rarely studied industries, Raustiala and Sprigman reveal a nuanced and fascinating relationship between imitation and innovation. In some creative fields, copying is kept in check through informal industry norms enforced by private sanctions. In others, the freedom to copy actually promotes creativity. High fashion gave rise to the very term "knockoff," yet the freedom to imitate great designs only makes the fashion cycle run faster--and forces the fashion industry to be even more creative. Raustiala and Sprigman carry their analysis from food to font design to football plays to finance, examining how and why each of these vibrant industries remains innovative even when imitation is common. There is an important thread that ties all these instances together--successful creative industries can evolve to the point where they become inoculated against--and even profit from--a world of free and easy copying. And there are important lessons here for copyright-focused industries, like music and film, that have struggled as digital technologies have made copying increasingly widespread and difficult to stop. Raustiala and Sprigman's arguments have been making headlines in The New Yorker, the New York Times, the Financial Times, the Boston Globe, Le Monde, and at the Freakonomics blog, where they are regular contributors. By looking where few had looked before--at markets that fall outside normal IP law--The Knockoff Economy opens up fascinating creative worlds. And it demonstrates that not only is a great deal of innovation possible without intellectual property, but that intellectual property's absence is sometimes better for innovation.Binding Type: Paperback
Publisher: Oxford University Press, USA
Published: 04/01/2015
ISBN: 9780199361090
Pages: 280
Weight: 0.70lbs
Size: 8.80h x 5.70w x 0.80d
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4.5 ★★★★★
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Product Reviews
★★★★★ 5
Great Price for Quality Electric Screwdriver.
Size: No Size, Style: 4V Screwdriver_Twist 2.0 2pc Set
Works well. Charges well. Charge lasts a long time. Versatile. Works well on RC Cars. Make sure you have machined bits.
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Reviewed in the United States on April 4, 2026
★★★★★ 3
Decent driver, but no real torque control
Size: No Size, Style: 4V Screwdriver_Twist 2.0 2pc Set
As others have noted, this driver works well overall, but would be better if the head could go to 90° instead of just 45°, and it comes in an extremely hard to open package. I'd like to point out a couple of other things that I haven't seen mentioned.
First, although this tool claims to have torque control via the three-level setting on the handle, it's not like most drills and drivers. With them, when the maximum torque setting is reached, a clutch disengages and the tool just 'freewheels.' But this Skil driver runs until the motor stalls, and its three settings merely control when that happens. In practical terms, that means the tool can wrench your wrist pretty badly. Even at the lowest setting the torque is considerable, making it all too easy to strip threads or even break off screw heads. This also makes it more likely to injure your wrist.
Also, in case it wasn't obvious, this tool's battery is not user-replaceable. If it runs out of power in the middle of a job... too bad. And when eventually it gets to the point where it will no longer hold a charge, Skil's only suggestion is to "Have the tool serviced by an Authorized SKIL Service Station." If you can find one, that is. If you don't want a disposable tool, this is probably not for you.
Don't get me wrong--I like this driver, and it has already come in handy in a few situations where my regular drill/driver would have been too bulky to fit. But it's good to know its limitations.
Skil also makes a smaller, less expensive 4 V screwdriver that lacks the adjustable-angle head of this one. If a straight power screwdriver is all you need, that one is worth considering:
https://www.amazon.com/Rechargeable-Cordless-Screwdriver-Circuit-Technology/dp/B07C4916LS/ref=sr_1_7
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Reviewed in the United States on May 4, 2026
★★★★★ 5
Easy to use
Size: No Size, Style: 4V Screwdriver_Twist 2.0 2pc Set
A handy tool. Charged fast and is made of quality
Heavy material. Highly recommended for all.
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Reviewed in the United States on April 17, 2026
★★★★★ 5
Trendy shirt and great price
Great shirt and great quality! My son loves it and gets lots of compliments. It’s a soft, nice material and true to size. I’ll be ordering from this seller again.
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Reviewed in the United States on May 29, 2025
★★★★★ 5
Mens shirt
Fit was correct, nice made t shirt
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Reviewed in the United States on January 28, 2026