on The Cobden Centre’s site: The Myth of Under-provision of Science by the Free Market By Anita Acavalos, on 7 January 11 One of the recurring myths propagated by of the promotion of knowledge as their success necessitates another scientist’s failure. Furthermore, government research frequently gets caught up in existing
admit that the very purpose of patent and copyright is to provide protection from market competition to entrepreneurs whose products are services are more easily Their entire mentality is pervaded by bad economics, such as the idea of marketfailure and public goods. Which is bizarre, if you think about it, in that most
to encourage innovation overall” (James Bessen & Michael J. Meurer, Patent Failure: How Judges, Bureaucrats, and Lawyers Put Innovators at Risk (2008, is learned, and emulated. Emulation itself is a crucial aspect of competition in a market economy. Imposing artificial scarcity on information–which is the goal of the
dusting it off, embellishing and popularizing it as a label for the free market, private property, limited government philosophy and the moral and ethical that is in him. Such a person cannot, however, take refuge behind a mere label. My failure, no less than that of many others, to grasp this evasive point accounts, in
the idea of assembling articles critical of IP, mostly from a libertarian or free market perspective. Maybe some day I’ll get around to getting permissions and Affect the Quality and Quantity of Literary Output? “, by Cole Review of Patent Failure by James Bessen and Michael J. Meurer The Promise of a Post-Copyright World
basis. The FDA-patent victims here tried to get another manufacturer into the market but the NIH said “no.” As Black told me, “The FDA is our last resort because fats properly leading to numerous symptoms, the most serious of which are renal failure and degenerative heart disease. Most patients did not live much beyond 50
or Continuing Calamity? ) 1. Patent Law versus Private Property and the Free Market Despite the received wisdom that patent rights are a type of property right, with patents. You don’t have to mark your products with “Patented” even if it is–failure to mark simply made it harder to recover past damages before the infringer
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.