ARNOLD KLING
January 5, 2012
Worth Reading
January 5, 2012
The Indian Economies
January 4, 2012
Is Bank Regulation This Easy?
January 4, 2012
Some Questions About Government
January 3, 2012
Today on the Eurozone Crisis
BRYAN CAPLAN
January 6, 2012
Democracy: Worse Than I Thought
January 6, 2012
Macaulay on Signaling
January 5, 2012
Correction on the Swedish Consequentialism Study
January 5, 2012
The Long Run Is Nigh: Drum, Krugman, Disemployment and Obamacare
January 4, 2012
Sins of Omission: What's Wrong With Gruber's Health Care Reform
DAVID HENDERSON
January 4, 2012
Ed Leamer on "Pure" Economics
January 3, 2012
The Interesting Political Economy of the Social Security Tax Cut
January 2, 2012
The Microeconomics of "Stimulus" Policy
January 1, 2012
Robert Frank's Narrow View on Schools
December 31, 2011
Reflections on My 2011 Blogging


It's actually worse than that because the "mutually assured destruction" defense only works against companies that can actually be sued. Defensive patents are no help against patent trolls that can't be sued because they're simply not producing anything.
because the mechanisms that reward innovation and development - rents and litigation to collect said rents - are also mechanisms of abuse, we are stuck.
worse, the current system is heavily slanted towards bigness - it is very costly to get a patent, very costly to prosecute one, etc. so large parties employ drawn-out costly defence in depth schemes.
Oh look. Government-granted monopolies lead to hugely inefficient rent-seeking. I think Tyler may be wrong about there not being many low-hanging fruits. Dump or severely restrict both patents and copyright and you will see an almost immediate productivity boost.