Source: Ludwig von Mises Institute
by Jorge Besada
“One of the reasons why we fall for the erroneous idea that patents are good for society is because we greatly overestimate the importance of the specific individual or company making a discovery while being unaware of how the market process — via its various mechanisms like prices, the profit motive, and economic competition — plays a key role in innovation.” (05/29/26)
https://mises.org/mises-wire/patents-damage-coerced-intellectual-monopoly