Evolution of Technology (TEC 154 2014S) : EBoards

TEC 154 2014S, Class 30: Intellectual Property (2)




Extra Credit


Key Points from DB

1) Recap from last time: Goal of patents is to protect an innovator's work in order to motivate innovation. Without a patent system we would have too little creativity/innovation.

2) Advantages of patent system:

3) Disadvantages of patent system:

4) Alternatives to Patents:

5) Effects of abolishing patent system:


Advantages of current system

What do we do about "market failure" - the issue that markets may not make the right choice (typically in terms of quantity - too much or too little).

Disadvantages of Patent System

Rise of the Patent Troll

The Main Video

One of the underlying cases

A related advocacy group

Defining "Patent Troll"

Alternatives to Patents

Copyright (c) 2014 Samuel A. Rebelsky.

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