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Critic of Software Patents Wins Nobel Prize in Economics

doom writes "You've probably already heard that the Nobel Prize for Economics was given to three gents who were working on advances in mechanism design theory. What you may not have heard is what one of those recipients was using that theory to study: 'One recent subject of Professor Maskin's wide-ranging research has been on the value of software patents. He determined that software was a market where innovations tended to be sequential, in that they were built closely on the work of predecessors, and innovators could take many different paths to the same goal. In such markets, he said, patents might serve as a wall that inhibited innovation rather than stimulating progress.' Here's one of Maskin's papers on the subject: Sequential Innovation, Patents, limitation (pdf).

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  1. Re:Not Nobel Prize in Economics by jandersen · · Score: 1, Flamebait

    Sweden is a Scandinavian socialist state

    I am not sure that Swedes would agree that their country is 'a Socialist state'; but then of course, they are only Swedes, so what do they know. How exactly do you reach the conclusion that Sweden is a socialist state? Or perhaps to you 'Socialist' means anything that isn't as radically in the pockets of rich people as the Good Ole US of A?