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by alzamos
30 days ago
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When I read the bit on the steam engine, I remember thinking it wasn’t a great argument as it was hard to know how a patent-less world would have developed. I’m not surprised to see there’s a link which talks about how the claim was exaggerated (though not entirely wrong? I’ll have to read it). Having said that, the bits I found juicy - i.e on the various shock analyses coming from patent introductions or increasing of scope, the studies on how effective first mover advantages was etc. all seemed pretty solid when I checked the sources - admittedly they were deeper into the book, so you may have already abandoned it by then. > There are many other economists who have shown significant beneficial aspects of patents with empirical data but they conveniently don’t get mentioned at all. Any chance you have some to share? When I LLM’d the topic a while ago the best I got was some weak investment effect in Singapore (unaccompanied by TFP/etc). |
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