Changes

'''Piracy of information can increase market activity.  Napster caused much additional traffic on the internet in the late 1990s, and this helped the dot-com boom.  But copyright violations are illegal in order to encourage the creation of new works.  It is a delicate policy balance between promoting market activity now and promoting creative works for future benefit.'''

'''Piracy of information can increase market activity.  Napster caused much additional traffic on the internet in the late 1990s, and this helped the dot-com boom.  But copyright violations are illegal in order to encourage the creation of new works.  It is a delicate policy balance between promoting market activity now and promoting creative works for future benefit.'''

[[Category:Economics]]

[[Category:Economics lectures]]