A big tent
sits atop
Maroon Island.
It is not
only the
"econo-
mists" who
spell it with
just one "O".
Consider the legal scholar
to the right, or more
precisely, his position paper
on abolishing software patents.
He writes:
"[For] pharmaceutical and biotech companies, ... patents are clearly necessary to encourage innovation,... [The] exclusion [of "software patents"] from the patent system would [yes,] discourage some software innovations, but the saving from litigation costs over disputed patent rights would more than compensate the economy for that cost. Moreover, some software innovations would be encouraged because the inability to patent software will eliminate uncertainty over whether someone else with a similar patent will sue and do battle [with the copyists]in the courts."
Compensate "THE ECONOMY"?
What about the inventor?
Eliminate "UNCERTAINTY"?
What venture doesn't have uncertainty?
Eliminate LAWSUITS?
Maybe first we wipe out all the "judges" (and then the lawyers ala Shakespeare)?
Posner's (mis)understanding of what the patent system is about? Click more (below).
