Do not feed the patent troll

posted by
October 18, 2011
Adam Smith Institute
by Sam Bowman  
Posted in Commentary

"Patents are anathema to private property rights. A pattern or idea is non-rivalrous and non-excludable -- unlike property, there is no opportunity cost to someone's use of an idea or pattern. An individual idea is not scarce unless we make it so through patent laws. And, unlike copyright, patents apply to people who have individually come up with an innovation without copying from someone else (therefore potentially breaking an agreement with the originator of that idea)." (10/18/11)  


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