State of Innovation

Patents and Innovation Economics

Excellent Article by Adam Mossoff: Do IP Rights Promote Economic growth

Intellectual property and economic prosperity: Friends or foes?, in  The article reviews a report by the Mercatus Center, a free-market think tank that is highly critical of IP.  Here is one of my favorite quotes from the article:

“It is bewildering, for example, to find a libertarian think tank arguing that government projects are superior to private property rights as a means of directing resources to innovative activities.”


What is amazing is that the evidence between inventions, economic growth, and property rights for inventions is overwhelming.  Those countries with the strongest patent systems are leaders in creating new technologies and the leaders in disseminating new technologies.


August 28, 2014 - Posted by | Blog | , , ,


  1. Thank you for this post. Adam Mossoff is great!

    Comment by Meg | August 29, 2014 | Reply

  2. P.S. Just finished reading Pendulum of Justice
    Without providing too much of a spoiler, I’m surprised that Hank would do harm to others given that he is such a libertarian

    Anyway, it WAS a fun read
    Nice job

    Comment by step back | August 30, 2014 | Reply

  3. Thanks – if Hank does it then I don’t have to. Self defense is allowed.

    Please consider giving us a review on Amazon

    Comment by dbhalling | August 30, 2014 | Reply

  4. Back to topic though,

    I respectfully propose that we are entering a Medieval Dark Ages
    Our governments, our courts are corrupt
    Driven by greed and arrogant pride in scientific illiteracy

    That is why they are dismantling the patent system
    They hate anything they don’t understand

    Forgive them for they know not what they do?
    No forgiveness for being incompetent in your job

    Comment by step back | August 30, 2014 | Reply

  5. I don’t think they are incompetent (at least not all of them). I think some of them are doing this on purpose. You don’t like to hear it but the environmentalists (hard core) think a good start is killing 5.5 billion people and leaving the rest to live without technology (sub humans).

    Comment by dbhalling | August 30, 2014 | Reply

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