This article by the NY Times is about the effects of the America Invents Act of 2011 and how Oil States Energy Services v. Greene’s Energy Group will affect innovation. The issue in this case is whether the taking of private property is something only a court can do, and not a patent office.

This article argues that stringent intellectual property laws are doing little to encourage real innovation and entrepreneurship. These laws could also prevent pharmaceutical companies from charging exorbitant fees from their exclusive rights to formulations that they tweak before the initial patent runs out.