Re: Where would we be without these important patents?


<royls@xxxxxxxxx> wrote in message
news:441c40b1.20222611@xxxxxxxxxxxxxxxxxxxxxxxx


The fact is that before patents, technological
progress was very slow for centuries.

Nope. In fact, technological progress was roughly proportional to
total economic production and the level of scientific knowledge both
before _and_after_ patents. The publication of Newton's Principia had
far more impact on technological progress than patent privileges.

A fact which destroys the argument you
were trying to make.

No, of course it doesn't, because in the first place it is not true,
and in the second place even if it were true, it would be nothing but
a post hoc fallacy.

No, they only get some of the credit.

Why any of it? Only because of your post hoc fallacy.

The historical evidence just confirms what economic theory predicts.

Economic theory predicts no such thing, and the historical evidence
outright refutes it. What economic theory does predict is that
granting monopoly privileges is one of the least efficient ways to
provide an incentive.

You're obviously quite ignorant about economic theory.


.