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Can Knockoffs Actually Be Good For Business?

Posted: Sep. 14th, 2012 | Comments 2 | Make a Comment

The Knockoff Economy
Photo Courtesy of Oxford University Press
We generally hear about knockoffs in the form of counterfeit luxury goods or fast fashion versions of couture clothes but in every industry from restaurants to sports, success breeds imitation. That isn't necessarily a bad thing according to Kal Raustiala and John Springman, the authors of The Knockoff Economy: How Imitation Sparks Innovation.

The authors analyze a variety of industries to see how they handle copyright issues and find that copying doesn't always eliminate creativity; in many cases it sparks it. Copyright protection does not protect fashion design. Design, it seems, exists in a legal gray area. Because it is not great art, designed objects that are deemed "useful articles" can be freely copied.
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2 Comments on this Article

vision20 commented on September 14, 2012

Sorry I don't believe in knock-offs. Pilfering off the innovation and creativity of others is not only stifling and in poor taste, its dishonest and corrupt. However, this doesn't mean that you can't draw inspiration from the works of others.

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Deidre Woollard commented on September 15, 2012

I agree, that's one of the reasons I found the book fascinating. I believe there should be a clear distinction between knockoffs and counterfeits but the authors of this book show that both seem to act similarly in the marketplace. One of the things I have noticed in recent years is that it used to be that luxury brands spawned knockoffs--that the trickle down effect was always in place. Now it seems to go both ways with the knockoffs and cheaper goods can prompt luxury brands to make a more refined version. The world is always changing...

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