It’s a commonplace that Americans and Westerners are the technical and business innovators, and that Chinese are good at imitation. But sometimes it’s the reverse. I recently learned of a Chinese tax policy that I fear the IRS may want to emulate someday (if they are not already--I’m
they would advocate that it be abolished, no matter how prejudicial such a policy might be to the interests of property owners. However, the preservation of It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been customs of the majority until their example finally moved the others to accept the innovation themselves. To give the majority the right to dictate to the minority what
is often trotted out as a classic case showing the importance of having the innovation-incentives of a patent system in place. The following post from Greg the history, which has been pretty well laid out by William Kingston (Research Policy 29 (2000): 679-710) and Peter Neushul (Journal of the History of Medicine and
as a result of deregulation, advances in information technology and financial innovation. The pace of financial development and innovation has markedly increased Let me focus on the latter which are pertinent for the conduct of monetary policy. As a result of financial innovation and the introduction of new financial
A new paper by Steven Kreft and Russell Sobel, “Public Policy, Entrepreneurship, and Economic Freedom” ( Cato Journal, Fall 2005 ), examines geographically (in the US, primarily on the East and West coasts), as is innovation more generally , and it’s not clear that VC can flow freely to those areas
goods but, instead, primarily for obtaining licensing fees . See FTC, To Promote Innovation: The Proper Balance of Competition and Patent Law and Policy , ch. 3, pp. 38–39 (Oct. 2003) .... For these firms, an injunction , and the
then there are politicians — the public sector. The big danger in what they call “policy making” is that large companies have lobbyists and small companies don’t. for young companies that might compete with them and thereby drive accelerating innovation. So, please be careful out there. See also: Freedom is not “Public Policy“
and Markets , focused on organizational economics, strategy, entrepreneurship, innovation, and the economics of institutions. Regular readers of the Mises blog may noticed that while there are many excellent blogs on economics, law, and public policy, there are relatively few on organization, strategy, and management. We hope
world really needs at this stage! The relevant summary is produced here: National policies for productive dynamism The central argument of UNCTAD’s Trade and that give exclusive attention to an efficient allocation of resources. G overnment policy must support the creative forces of markets through an open-economy industrial
secured some support from a notable UK think tank, The Institute for Public Policy Research (IPPR). In its report, the group argues that the UK’s copyright laws copyright should not be extended beyond the current 50 years. See: IPPR, Public Innovation: Intellectual property in a digital age ; also IPPR, Chancellor urged to
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