Reply to post: Patents

R&D money for science – from your taxes?

Arthur the cat Silver badge

Patents

"Once the new knowledge is known then everyone knows it: it's "non-excludable and non-rivalrous" in the jargon."

Don't patents stuff that up, if only for 20 years? Patented IP seems to be a private good to this non-economist. OK, that's why they were created in the first place, to give the inventor a reward, but with the current mania for patenting anything and everything the patent system appears to work against innovation in some cases.

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