True, patent law is intended to promote innovation. There’s quite a lot of evidence that it has the opposite effect but I agree it’s not immediately obvious that it doesn’t work and there is not yet a consensus that it is a failure. The standard argument you give in favour of patent law is at least superficially plausible.
True, patent law is intended to promote innovation. There’s quite a lot of evidence that it has the opposite effect but I agree it’s not immediately obvious that it doesn’t work and there is not yet a consensus that it is a failure. The standard argument you give in favour of patent law is at least superficially plausible.