Protection of Property Rights Guarantees Innovator Returns 97.0

On intellectual and other property rights, I have copied a relevant post from another Forum that I joined, VoiceOver 2015. A similar scheme for HIV/AIDS drugs for the developing world has been applied elsewhere (See Post #75) after a real threat from US$1 per dose substitute from India, a countervailing force needed for robust democratic [...]

Paul Romer Claims that Knowledge is the True Fountain of Wealth – 1 of 2

Paul Romer’s Endogenous Technological Change opens wide vistas Professor Romer will win the Nobel Prize for economics for Endogenous Technological Change (Oct 1990, JPE) within the next two years. That is my fearless forecast. For innovators, his paper has defined opportunities from a new category of products differentiated by embedded knowledge. Professor Romer will win [...]

Property Rights and Fair Use Protect Innovation 8.0

A commitment to intellectual property rights must go hand-in-hand with our focus on Innovation. In our very first blog, we defined innovation as ”a process of creating, diffusing and applying knowledge by firms and other stakeholder groups.” The US NIC report defines a National Innovation System similarly as “the process by which intellectual concepts are [...]