Economic History

Debating the Size of the Social Safety Net

  1. How many of those US patents are for anything actually valuable or viable? We allow people to patent genes and charcoal pads to filter flatulence. Patent trolls cost US businesses about $29 BILLION per year. I’d hardly use number of patents as an indicator of originality.

  2. Yes-but would you still agree with the paper’s basic premise about the worldwide value of incentives that encourage innovation?

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