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Against Monopolydefending the right to innovate |
Monopoly corrupts. Absolute monopoly corrupts absolutely. |
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backAgainst Monopoly Greg Mankiw link here points us to Joe Stiglitz' piece on Prizes vs Patents link here. Mankiw argues that prizes aren't so great, as they will require taxes, presumptively distortionary, and the prize awarding committee is composed of fallible humans.
The argument gets ideological, particularly in the comments at Mankiw's site where some have a dreamy view of patents costs, but like most things in life, there are tradeoffs and the best choice isn't always clear initially. There ought to be room for both. [Posted at 03/12/2007 07:09 AM by John Bennett on Against Monopoly CommentsSubmit Comment |
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