The Democratization of Invention
Patents and Copyrights in American Economic Development, 1790-1920
Ranked #78 in Development Economics
An Examination of the evolution and impact of American intellectual property rights during the 'long nineteenth century, ' this book compares the American system to developments in the more oligarchic societies of France and Britain. The United States created the first modern patent system and its policies were the most liberal in the world toward inventors. Individuals who did not have the resources to directly exploit their inventions benefited disproportionately from secure property rights and the operation of efficient markets. When markets expanded, these inventors contributed to the... more
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