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Greenspan Tackles IP At Stanford Forum

Law360 (February 28, 2004, 12:00 AM EST) -- U.S. Federal Reserve Chairman Alan Greenspan told a forum at Stanford University that the U.S. economy’s shift from commodities to intangible products has made intellectual property a major issue that will need to be addressed by economists and policy makers.

"How appropriate is our current system -- developed for a world in which physical assets predominated -- for an economy in which value increasingly is embodied in ideas rather than tangible capital?” he asked.

The event, sponsored by the prestigious Stanford Institute for Economic Policy Research,...
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