Perspective
Oct. 9, 2015
Is it time to abolish the patent system?
Twenty years ago, the consensus among economists was that patents are a necessary evil. We have watched the strangling of innovation by patents that no longer fulfill their intended purpose. By David Levine and Michele Boldrin
Twenty years ago the consensus among economists - including the two of us - was that
patents are a necessary evil. We have now watched, for two decades, the strangling
of innovation by patents that no longer fulfill their intended purpose. Our conclusion?
That to fulfill the constitutional mandate to "promote the progress of science and
useful arts" it is ne...
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