Bruce Abramson

Trolls, Wizards, and the Pitfalls of Patenting

The patent system is probably the single most pro-growth feature of our regulatory systems. In the absence of some sort of mechanism for motivating and rewarding both innovation and the dissemination of new discoveries, progress would slow, and many of our most important technology industries would wither. It is hardly coincidental that our last patent revolution immediately preceded an era of both unrivaled technological advancement and the rapid commercialization of those advances. 2 May 2012

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