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The days are over when technology can be advanced in laboratories by individual scientists alone. Now you need an army of lawyers to negotiate the hazardous terrain of interlocking patents. Unless we find a solution to the problem of interlocking patents, the patent system may actually impede the very innovation it was designed to encourage.

Ha-Joon Chang

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Ha-Joon Chang
Age: 61
Born: 1963
Born: October 7
Economist
Seoul Teukbyeolsi
May
Unless
Designed
Patent
Find
Technology
Scientists
Patents
Need
System
Solution
Terrain
Needs
Days
Lawyer
Negotiate
Alone
Innovation
Laboratory
Interlocking
Actually
Scientist
Lawyers
Impede
Individual
Solutions
Advanced
Laboratories
Problem
Army
Encourage
Hazardous

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Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market.
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The foundation of economic development is the acquisition of more productive knowledge.
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The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.
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Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies. Businesses were, so the story goes, seen as anti-social agents whose profit-seeking needed to be restrained for other, supposedly loftier, goals, such as justice, social harmony, protection of the weak and even national glory.
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95% of Economics is common sense deliberately made complicated.
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Self-interest, to be sure, is one of the most important, but we have many other motives - honesty, self-respect, altruism, love, sympathy, faith, sense of duty, solidarity, loyalty, public-spiritedness, patriotism, and so on - that are sometimes even more important than self-seeking as the driver of our behaviors.
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