A source of wealth or stagnation?

posted by
July 6, 2011
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"Suppose a replicator, similar to the one in Star Trek, is invented. And what an invention it is! Each replicator can itself be produced for only pennies. Its inventor -- either out of carelessness or magnanimity -- doesn’t patent it. Competition among replicator producers soon drives the price of replicators down to $7.99 each." (07/06/11)


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