defending the right to innovate
Monopoly corrupts. Absolute monopoly corrupts absolutely.
Copyright Notice: We don't think much of copyright, so you can do what you want with the content on this blog. Of course we are hungry for publicity, so we would be pleased if you avoided plagiarism and gave us credit for what we have written. We encourage you not to impose copyright restrictions on your "derivative" works, but we won't try to stop you. For the legally or statist minded, you can consider yourself subject to a Creative Commons Attribution License.
It is commonly thought that patents are good because people reveal secrets rather than keeping them. But they keep secrets about intermediate results so that they can be first to patent. Via Pedro Dal Bo a remarkable video about what happens when pharmaceutical discoveries aren't kept secret. It's a bit ironic that people think that for pharmaceuticals patents are the only answer.
Of course patents are not the "only" answer. That is just plain dumb. There are multiple business models for pharmaceuticals, with multiple motivations. There are non-profit labs whose motivation is tackling a specific disease. There are government labs whose motivation is continued public funding. There are university labs whose motivations are prestige, publication, and patents/profit. Then there are for-profit labs whose motivation is making money. Eliminate any of the motivations, and you reduce the contributions from that source.
Conversely, implementing patents where none have been eliminated before is hardly the catastrophe that some people tried to make it out to be. When patents on pharmaceuticals were implemented in Italy, some people predicted the Italian pharmaceutical industry was headed for doom. In fact, the Italian pharmaceutical industry is not only about as strong as it was when patents were implemented, it appears to be one of the most robust pharmaceutical industries in the world.
Patents are not evil or the devil, they are just a business model with its own motivations, rewards, and contributions to the advancement of knowledge.
[Comment at 10/13/2012 08:47 AM by Anonymous]
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at 01/08/2015 08:58 PM by Sheogorath
Do we need a law? The issue is whether the crime is punished not who punishes it. If somebody robs our house we do
at 11/17/2014 04:48 AM by David K. Levine
Do we need a law? 1. Plagiarism most certainly is illegal, it is called "copyright infringement". One very famous
at 10/29/2014 10:49 AM by Alexander Baker
IIPA thinks open source equals piracy Good post. Thanks for this information. By the way, if students want to get rid of their
at 10/28/2014 04:24 AM by sopha
Yet another proof of the inutility of copyright. The 9/11 Commission report cost $15,000,000 to produce, not counting the salaries of the authors.
at 09/20/2014 03:19 PM by Alexander Baker
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at 05/05/2014 01:03 PM by Sheogorath
Rights Violations Aren't the Only Bads I hear that nonsense from pro-IP people all the
at 04/07/2014 04:47 AM by Dan McCracken
Intellectual Property Fosters Corporate Concentration Yeah, I see the discouragement of working on a patented device all the time. Great examples
at 01/13/2014 06:13 AM by Anonymous
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at 11/28/2013 05:03 PM by Stephanie Smith
at 11/28/2013 09:23 AM by Anonymous
at 11/28/2013 09:22 AM by Anonymous
Patent Lawyers Who Don't Toe the Line Should Be Punished! Moreover "the single most destructive force to innovation is patents". We'd like to unite with you
at 11/24/2013 10:48 AM by SpaceCorp Technologies
at 11/20/2013 03:18 PM by Anonymous
Does the decline in total factor productivity explain the drop in innovation? So, if our patent system was "broken," TFP of durable goods should have dropped. Conversely, since
at 11/02/2013 08:09 PM by Anonymous
Does the decline in total factor productivity explain the drop in innovation? I wondered about TFP, because I had heard that TFP was increasing. Apparently, it depends on who
at 11/02/2013 08:08 PM by Anonymous
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at 09/23/2013 07:46 AM by audience response software
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at 09/20/2013 06:44 AM by audience response software
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at 09/13/2013 04:22 PM by Anonymous