At the ASI.
It doesn’t matter where something is invented, wealth comes from the use of it.
Tags: Timmy Elsewhere
// Nov 30, 2008 at 11:38 am
Terence Kealey’s excellent new book ‘ Sex, Science and Profits’ argues that the main benefit of technological innovation is the potential lead time advantage of being the first innovator – and this provides sufficient (and proper) incentive for competitive institutions to pusue innovation.
Beyond that (as Tim argues here) the general societal benefit derives from widespread copying .
He concludes that in _most_ (not all) circumatances, patenting and similar intellectual property rights are overall a bad thing, and tend to stifle innovation.
In general the book makes lots of interesting arguments about what really stimulates useful innovation.
‘Read the whole thing’, as they say…
// Nov 30, 2008 at 1:17 pm
All those politicians you yap on about subsidising “Research and development’ can stick it in their pipes and smoke it.
// Nov 30, 2008 at 2:41 pm
That’s why i like the idea of a intellectual property value tax, rather like an LVT.
You set the price someone can buy the right from you and pay say 7% a year for the state protection.
Works roughly the same as a 20 year patent, but makes it far more likely the patent holder seeks to make use of it rather than block others.
The Great Simpleton
// Dec 1, 2008 at 8:31 am
In the 60′s and 70′s we were always bemoaning the loss of our innovations and innovators to the USA. During that time it got richer a lot faster than we did.
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