All Posts Tagged With: "Ideas"

Do Patents Encourage or Hinder Innovation? The Case of the Steam Engine

Today one of the most controversial issues in economic policy is that of patent law. Is a patent just an extension of property rights to the realm of ideas? Or is it an unwarranted interference by the government into the rights of individuals?

1Dec2008 | Michele Boldrin, David K. Levine, and Alessandro Nuvolari | 5 comments | Continued