And then think about the political and economic power of those who oppose such reforms.
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Against Monopolydefending the right to innovate |
Monopoly corrupts. Absolute monopoly corrupts absolutely. |
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backDoes the decline in total factor productivity explain the drop in innovation? In a long post, Mike Masnick calls attention to an e-book by Alex Tabarrok which focuses on the decline in total factor productivity as a measure of the drop in innovation link here. This has occurred despite the huge increase in the number of patents. He concludes that the patent system is broken and suggests some fixes like a mix of patents, some short-term and easy to get and others, long-term and less likely to be granted.
Read and ponder.
And then think about the political and economic power of those who oppose such reforms. [Posted at 07/10/2013 07:34 AM by John Bennett on Patents Comments I wondered about TFP, because I had heard that TFP was increasing. Apparently, it depends on who is looking at TFP.
An economist looked at TFP several different ways, and he discovered, to his apparent surprise, that TFP in durable goods has not only increased, but increased significantly. On the other hand, TFP of non-durable goods (food, clothing, gasoline, and similar goods), has stagnated significantly. http://economistsview.typepad.com/economistsview/2011/04/about-that-tfp-stagnation.html Why is the difference important? Because patents are most commonly filed and granted on durable goods, and non-durable goods have significantly fewer patents filed, and in some cases, virtually no patents filed. If patents were a drag on TFP, one would expect durable goods to see the biggest impact because these are patent-intensive industries. Instead, the patent-intensive industries had the greater TFP growth, and the industries least affected by patents has seen TFP stagnate. [Comment at 11/02/2013 08:08 PM by Anonymous] So, if our patent system was "broken," TFP of durable goods should have dropped. Conversely, since the TFP of durable goods, according to the article at the link, has grown significantly, the implication is that the patent system is not broken. [Comment at 11/02/2013 08:09 PM by Anonymous] Submit Comment |
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![]() ![]() ![]() Most Recent Comments at 02/05/2019 07:44 AM by Anonymous
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Killing people with patents I'm not really commenting the post, but rather asking if this blog is going to make a comeback at 01/09/2018 03:46 AM by Anonymous
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Let's See: Pallas, Pan, Patents, Persephone, Perses, Poseidon, Prometheus... Seems like a kinda bizarre proposal to me. We just need to abolish the patent system, not replace at 04/10/2015 10:44 AM by Stephan Kinsella
The right to rub smooth using a hardened steel tool with ridges I'm a bit confused by this--even if "hired to invent" went away, that would just change the default at 04/10/2015 10:34 AM by Stephan Kinsella
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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".
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at 11/20/2013 03:18 PM by Anonymous
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