Dear Gunnar,
Thank you for an elegant, incisive post. You describe some of the issues for which Ronald Coase (1990 [1937]) won the 1991 Nobel Prize in Economics.
Transaction costs and the theory of the firm explain why the notion of paying designers or penalising them will not work.
Yours,
Ken
Ken Friedman, PhD, DSc (hc), FDRS | Chair Professor of Design Innovation Studies | College of Design and Innovation | Tongji University | Shanghai, China ||| University Distinguished Professor | Centre for Design Innovation | Swinburne University of Technology | Melbourne, Australia
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Reference
Coase, R. H. 1990 [1937]. “The Nature of the Firm.” The Firm, The Market, and the Law. Chicago: University of Chicago Press, 33-55.
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