"The regulation of innovation and the optimal design of legal institutions in an environment of uncertainty are two of the most important policy challenges of the twenty-first century. Innovation is critical to economic growth. Regulatory design decisions, and, in particular, competition policy and intellectual property regimes, can have profound consequences for economic growth. However, remarkably little is known about the relationship between innovation, competition, and regulatory policy. Any legal regime must attempt to assess the tradeoffs associated with rules that will affect incentives to innovate, allocative efficiency, competition, and freedom of economic actors to commercialize the fruits of their innovative labors. The essays in this book approach this critical set of problems from an economic perspective, relying on the tools of microeconomics, quantitative analysis, and comparative institutional analysis to explore and begin to provide answers to the myriad challenges facing policymakers"--

The remarkable story of a startling scientific idea that ignited a battle among the greatest minds of the twentieth century and profoundly influenced intellectual inquiry in fields ranging from physics to literary criticism, anthropology and journalism. In 1927, young German physicist Werner Heisenberg challenged centuries of scientific understanding when he introduced what came to be known as "the uncertainty principle." Heisenberg proved that in many physical measurements, you can obtain one bit of information only at the price of losing another. This proposition, undermining the cherished belief that science could reveal the physical world with limitless detail and precision, placed Heisenberg in direct opposition to the revered Albert Einstein. Niels Bohr, Heisenberg's mentor and Einstein's long-time friend, found himself caught between the two. Bohr understood that Heisenberg was correct, but he also recognized the vital necessity of gaining Einstein's support as the world faced the shocking implications of Heisenberg's principle.--From publisher description