| You make two assumptions: - There are as many revolutionary discoveries with and without patents - Without patents, discoveries would be freely avalaible As far as I know, two (related) arguments are generally made for patents: - Patents create an indirect (by preventing the competition from using your invention) or direct (by licensing it) monetary return to innovation, potentially leading to more innovation - If a company wants competitors not to copy their innovation, they can 1. keep it secret or 2. disclose it and patent it; without patent the choice is between 1. keep it secret or 2. disclose it and have everybody copy them. In this case, patents lead to more innovation being made freely avalaible (with a delay!). Whether patents lead to more or less innovation is, as far as I know, contentious. |
I explicitly don't: I mentioned the patent stops others from innovating on top of the patent. The necessity of patents to be public is one I had not considered though, being a force against trade secrets is a good counterpoint.
> Whether patents lead to more or less innovation is, as far as I know, contentious.
Honestly, I really have trouble accepting this. Not that I have an answer, but with the idea that researchers haven't been able to find some sensible way of measuring this by now. I already mentioned the example of light bulbs. Surely there are enough similar historical scenarios available to analyze where one can make use of global differences in IP laws and other variables to simulate control groups?