The Cato Institute has just posted a piece by Professor Robert Merges of the University of California-Berkeley entitled Compulsory Licensing vs. the Three `Golden Oldies': Property Rights, Contracts and Markets. The accompanying press release says: "America's creative energy and entrepreneurship are known the world over. Property rights, contracts and voluntary markets have played a primary role in the development of our vibrant industries. . . . . Merges argues that these, the 'building blocks of all creative endeavors,' are just as relevant in the digital era as ever, and, in fact, underpin the conditions for 'future growth and diversification' in intellectual property."