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Against Monopoly

defending the right to innovate

Innovation

Monopoly corrupts. Absolute monopoly corrupts absolutely.





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"Most Innovations in Most Fields Are Not Patented."

AEI held a session on patents and patent reform building off Launching the Innovation Renaissance. Alex Tabarrok was one of the speakers, taking for his title "Most Innovations in Most Fields Are Not Patented." You can listen to a YouTube of part of his talk and see some related YouTubes at the end. His title says it all link here and link here. The entire conference is to be posted here

Comments

I wonder why most innovations in most fields are not patented...duh, they do not meet the statutory requirement for patenting.
Anonymous, you should not wonder why non-patentable innovations are not patented, you should wonder why someone innovates despite not being able to patent
Anna Christa:

There is no need to wonder why someone innovates despite not being able to patent. If the payback period on your innovation is less than the time it takes for a competitor to successfully imitate your innovation, then the innovation provides sufficient incentive without the need for a patent. Evidence for this scenario has been found multiple times in environments were patents do not exist. In countries without patents, research and development tends to focus on areas where trade secrets are possible. In countries with patents, R&D tends to focus on patentable inventions.


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