State of Innovation

Patents and Innovation Economics

Intellectual Property, Innovation and Economic Growth

This article, Intellectual Property, Innovation and Economic Growth: Mercatus Gets it Wrong, by Mark Schultz & Adam Mossoff is a follow up to their other article Intellectual property and economic prosperity: Friends or foes?  This article is more hard hitting and the ask the questions of who has the burden of proof on whether patents promote economic growth?  Anti-patent proponents consistently fail to provide any empirical data to support their positions, although they are great at coming up with anecdotal stories.  Despite this they assume that the burden of proof is on people who support property rights in inventions.

 

The reason anti-patent advocates don’t think they have the burden of proof is that they have been taught the economic concept call pure and perfect competition as the goal of capitalism.  Some of these people even think that perfect competition is the definition of capitalism.  Perfect competition is inconsistent with the condition necessary for real per capita economic growth, is inconsistent with all property rights, has nothing to do with capitalism, is anti-mind, anti-invention, anti-patent.

PERFECT COMPETITION IS THE ECONOMIC IDEALIZATION OF SLAVERY.

 

 

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August 29, 2014 Posted by | News | , , , , , | Leave a comment

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

Intellectual property and economic prosperity: Friends or foes?, in TechPolicyDaily.com.  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 | , , , | 6 Comments