Innovation and Its Discontents: How Our Broken Patent System by Josh Lerner, Adam B. Jaffe

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By Josh Lerner, Adam B. Jaffe

The U.S. patent procedure has turn into sand instead of lubricant within the wheels of yankee growth. Such is the idea in the back of this provocative and well timed publication through of the nation's major specialists on patents and fiscal innovation.

Innovation and Its Discontents tells the tale of ways contemporary alterations in patenting--an institutional method that used to be created to nurture innovation--have wreaked havoc on innovators, companies, and monetary productiveness. Jaffe and Lerner, who've spent the previous 20 years learning the patent procedure, express how criminal adjustments initiated within the Eighties switched over the method from a stimulator of innovation to a author of litigation and uncertainty that threatens the innovation technique itself.

In one telling vignette, Jaffe and Lerner cite a patent litigation crusade introduced by way of a a semi-conductor chip dressmaker that says regulate of a whole class of laptop reminiscence chips. The firm's claims are in line with a modest 15-year previous invention, whose scope and prompted have been broadened through secretly manipulating an industry-wide cooperative standard-setting body.

Such instances are principally the results of adjustments within the patent weather, Jaffe and Lerner contend. First, new legislation have made it more straightforward for companies and inventors to safe patents on items of every kind, and moment, the legislation have tilted the desk to prefer patent holders, irrespective of how tenuous their claims.

After examining the commercial incentives created via the present rules, Jaffe and Lerner recommend a three-pronged answer for restoring the patent method: create incentives to inspire events who've information regarding the newness of a patent; offer a number of degrees of patent assessment; and change juries with judges and targeted masters to preside over yes facets of infringement cases.

Well-argued and engagingly written, Innovation and Its Discontents bargains a clean method for boosting either the nation's creativity and its fiscal development.

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Extra info for Innovation and Its Discontents: How Our Broken Patent System is Endangering Innovation and Progress, and What to Do About It

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Then we would turn the scan data into a design file and re-create exact replicas of the cuneiforms on a 3D printer. 19 A machine that can make almost anything Image courtesy of Cornell University. Curator David I. Owen; Design: Natasha Gangjee; Photo by Jason Koski If our experiment worked, we figured that the next time he went abroad, my colleague could convince the local authorities to let him CT scan priceless local artifacts. Then he could send the design information to a nearby (or distant) 3D printer to share with anybody else on the planet.

Could it be that my salty old car mechanic got it wrong after all? Maybe you can have it done good, fast, and cheap, no compromises necessary. But maybe he wasn’t wrong. There’s more to the story than at first meets the eye. Mass production is riddled with hidden costs and delays. If you consider the big picture from the perspective of a company rather than the consumer, mass production is not cheap. Nor is the process of transforming a design concept into a mass-produced product particularly fast.

Perhaps one day, 3D printed robotic life forms will emerge from the printer complete with batteries, sensors, and circuit-brain already inside. New-born 3D printed robots will take their first hesitant baby steps out of the print bed and put their electronic circuitry to work learning their way around. Perhaps someday 3D printed robots will return to their 3D printer to invent new features for their “birth machine,” for a health check, to recalibrate or replace printed parts. Faxing things The ultimate convergence will arrive when we effortlessly shape-shift between being physical and being virtual, when physical objects smoothly transition from bits to atoms and atoms to bits.

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