@timoreilly tweets related to: Economists, Patent, System, Summary, Research

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Two economists at the St. Louis Federal Reserve published a paper arguing to abolish the American patent system, saying there's "no evidence" patents improve productivity and that they have a "negative" effect on "innovation." The research suggests that President Barack Obama's 2011 patent reform legislation -- one of only a handful of major bills to clear Congress with bipartisan support in recent years -- was wrong-headed.
Tim O'Reilly Twitter

Yay! Economists argue patent system should be abolished. Summary: http://t.co/JRWEKkye Research paper: http://t.co/8Qswob9H via @slashdot

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