Josh Lerner
Josh Lerner
corrupted danger filing patents people poses process risks
Our standards-setting process risks being corrupted by having people filing for, and getting, any patents they want. That poses a real danger to the effectiveness of innovation.
ability ambitious leverage manage normal situation students undertake useful
They still have to have vision, the ability to undertake an ambitious project, to leverage resources, to manage financing. We thought it would be very useful for the students to look at a situation that was very different from the normal one.
exchange invention monopoly patent system temporary trade
The patent system is a trade-off. We get the 'good' of an invention in exchange for the 'bad' of a temporary monopoly on that invention.