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[News] Op-Ed: Why Intellectual Monopolies Need to be Buried

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Patents and Property Rights

,----[ Quote ]
| A patent is not the ownership of a pre-existing thing that needs an owner. 
| Rather, the things over which the patent system gives people ownership are 
| the creations of patent law. And in many cases, it makes little sense to talk 
| about them as “things” at all."   


How Patent Trolls Are A Tax On Innovation

,----[ Quote ]
| I've written on the subjects of patents before on this blog and on the Union 
| Square Ventures weblog. There have been good discussions around this issue, 
| both in this post and in the sessions event that the USV weblog posts talks 
| about. At this point, after 22 years in the venture capital business and 
| countless hours discussing this issue, I come out on the side of less patent 
| protection in information technology, no patent protection for software and 
| business methods, and first and foremost the elimination of patent trolls.      



Intellectual Property Regime Stifles Science and Innovation, Nobel Laureates

,----[ Quote ]
| Patent monopolies are believed to drive innovation but they actually impede
| the pace of science and innovation, Stiglitz said. The current “patent
| thicket,” in which anyone who writes a successful software programme is sued
| for alleged patent infringement, highlights the current IP system’s failure
| to encourage innovation, he said.
| Another problem is that the social returns from innovation do not accord with
| the private returns associated with the patent system, Stiglitz said. The
| marginal benefit from innovation is that an idea may become available sooner
| than it might have. But the person who secures the patent on it wins a
| long-term monopoly, creating a gap between private and social returns.


Economist Critic of Software Patents gets Nobel Prize

,----[ Quote ]
| The FFII congratulates Eric S. Maskin, an economist who has long criticised
| the patenting of software, for receiving the 2007 Nobel Prize for Economics.
| Prof. Maskin and two colleagues receive the Prize for research into the
| optimal design of economic mechanisms. By applying his theory to the IT
| sector, Maskin demonstrated "that in such a dynamic industry, patent
| protection may reduce overall innovation and welfare."

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