65 sats \ 4 replies \ @Rothbardian_fanatic 31 Oct \ on: How Intellectual Property Laws Stifle Innovation Politics_And_Law
Innovation is important. Another example of stifling innovation is the situation with the steam engine and Watts. He held up any innovation in the steam engine for thee entire 20 years of his patent. Nobody could innovate on his machine.
This is called lost opportunities.
Yeah, the steam engine is invented towards the beginning of the 1700's, as I recall, and it doesn't make a serious economic impact until almost the end of that century.
It's actually shocking how absent any evidence is to support IP.
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Kinsalla attacks the IP situation every time he writes something.
I believe he is a patent lawyer, too.
He has a lot of good examples of stifling innovation.
Innovation is also stifled by the narridigm.
Did you know Einstein was a patent office clerk?
He had several patents to his name, how do you think he got them?
Working in the office, several disparate patents. Ahh……. Yes.
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I'm a big Kinsella fan. He's probably my favorite Austrian school thinker, too bad he doesn't do it full time.
I knew about Einstein working in a patent office, but I didn't know he was a patent poacher.
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Yes, he poached quite a few. That is what made him independently wealthy and able to do his theory.
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