Excludability, creativity and the case against the patent system |
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| Authors: | Pierre Desrochers |
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| Institution: | Pierre Desrochers is Senior Research Fellow, Urban Studies, Institute for Policy Studies, Johns Hopkins University, Baltimore, MD. |
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| Abstract: | The patent system has many flaws. In its absence, there would probably be increased innovation if only because money spent on patents and lawsuits would be available for R&D. In any case, an inventor is to some extent protected by law provided he explains that an idea is his personal property. A patent adds nothing to the value of an impractical invention and little to one that might seem promising. |
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