An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
|Paris||Oct 9 - Oct 13|
|Sophia Antipolis||Nov 26 - Nov 30|
|Munich||Dec 12 - Dec 14|
|Paris||March 15- March 22|
|Bordeaux||July 1- July 7|
|Strasbourg||July 9- July 14|
|Bruxelles||December 2- December 5|
|Berlin||December 27- December 29|
René Mages (alias ramix) rmages @ ffii.org
Fingerprint : C9D5 18C7 8973 8190 F94B 48B2 DFCC 0699 2CC4 55D9
%%% Hayek on Patents %%%
"The problem of the prevention of monopoly and the prevention of
competition is raised much more acutely in certain other fields to
which the concept of property has been extended only in recent times.
I am thinking here of the extension of the concept of property to such
rights and privileges as patents for inventions, copyright,
trademarks, and the like. It seems to me beyond doubt that in these
fields a slavish application of the concept of property as it has been
developed for material things has done a great deal to foster the
growth of monopoly and that here drastic reforms may be required if
competition is to be made to work…. Patents, in particular, are
specially interesting from our point of view because they provide so
clear an illustration of how it is necessary in all such instances not
to apply a ready-made formula but to go back to the rationale of the
market system and to decide for each class what the precise rights are
to be which the government ought to protect."
Source: F. A. von Hayek, "'Free' Enterprise and Competitive Order". In
Individualism and Economic Order, Chicago: U. of Chicago Press. 1948.
Here's what Bill Gates told Microsoft employees in 1991:
"If people had understood how patents would be granted when most of today's ideas were invented and had taken out patents, the industry would be at a complete standstill today…A future start-up with no patents of its own will be forced to pay whatever price the giants choose to impose."