Aug 2014
12

Patents that kill

The patent system, which was developed independently in 15th century Venice and then in 17th century England, gave entrepreneurs a monopoly to sell their inventions for a number of years. Yet by the 1860s the patent system came under attack, including from The Economist. Patents, critics argued, stifled future creativity by allowing inventors to rest on their laurels. Recent economic research backs this up.
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