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Mises Economics Blog
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Ludwig von Mises Institute
Ludwig von Mises Institute - Tu Ne Cede Malis
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Austrian School on the Rise
July 13, 2009 5:04 PM
by Jeffrey Tucker
A nice report with some interesting data on Mises.org traffic.
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Are Patents "Monopolies"?
July 13, 2009 12:27 PM
by Stephan Kinsella
On occasion you get some defender of patents who is upset when we use the m-word to describe these artificial state-granted monopoly rights. For example here one Dale Halling, a patent attorney (surprise!) posts about "The Myth that Patents are a Monopoly" and writes, " People who suggest a patent is a monopoly are not being intellectually honest and perpetuating a myth to advance a political agenda."
Well, let's see. First, see my post Epstein and Patents , noting that the pro-patent Epstein writes:
Patented goods are subject to a lawful monopoly created by the state in order to induce their creation. No one thinks that new pharmaceutical drugs will be invented by private firms that cannot receive a rate of return sufficient to recover [various costs]. ... The legal monopoly granted by the patent is the only mechanism that allows the producer to recover those fixed costs....
Is the pro-patent Epstein being dishonest?
And see my comments ( 1 , 2 ) on The Three Stages of Invention post, excerpted below:
Continue reading "Are Patents "Monopolies"?" »
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