A blog at 3 Quarks Daily points to Stephan Kinsella's post at mises.org that highlights the drawbacks of intellectual property patents. Kinsella says that while patent holders do profit, the overall litigation and licensing surrounding patents stifle innovation. Furthermore, Kinsella quotes the AAAS study that found that one-fifth of research efforts in the US are held back or cancelled due to patent licensing problems.
Except for All the Downsides, Patents Are Great
Aug 13, 2007