The Three Stages of Invention
Bastiat believed that protectionism of all kinds was evil.
Bastiat believed that protectionism of all kinds was evil.
It’s another hot summer day and nothing cools the heat like a large cone of ice cream.
Apparently the discovery of penicillin is often trotted out as a classic case showing the importance of having the innovation-incentives of a paten
I’ve recently bemoaned the damage done to RIM, the manufacturer of the Blackberry, by
Naturally occurring monopolies do not last long. Competition emerges to upset them. The sovereignty of the individual defines the free market. The only monopolies that do persist are those maintained by government interventions.
Government involvement accounts for the internet's continuing problems, while the market should get the credit for its glories.