Seeking the Patent Truth
Patents Can Provide Justice and Funding for Inventors
By Arthur M. Diamond, Jr.
This article appeared in the Winter 2014/15 issue of The Independent Review.
The U.S. patent system is besieged by costly litigation and a growing chorus of critics who claim that patents are neither economically nor morally justified. A variety of proposed reforms and entrepreneurial institutions, however, might improve it significantly, resulting in more justice for inventors and more funding to help them develop inventions that benefit society.
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