Like millions of innovative individuals, MIRIAM E. BENJAMIN (1861-1947) was active in multiple inventive markets, as the patentee of two inventions, and assignee on another. However, an overlooked and unique contribution is that she was the first black woman who practiced as a patent attorney. Miriam E. Benjamin was born in South Carolina to a […]
Like China, Americans were notorious for cultural piracy and weak copyrights. The U.S. finally acknowledged international copyrights when the balance of trade in cultural goods shifted in their favour. Similarly, China today is strongly enforcing copyrights to protect its emerging global leadership in cultural creativity.
A few years ago, I rated on Netflix over 1000 movies with which I was familiar. The top 10 included (in no particular order): Bladerunner, Woman in the Dunes (Suna no onna), Les Parapluies de Cherbourg, A Bout de Souffle, Pan’s Labyrinth, Das Leben der Anderen, Casablanca, Metropolis, 2001: a Space Odyssey, Chinatown. (Lord of […]
Hostility to patents is associated with the notion that patents are monopolies that harm social welfare. Legal history and empirical evidence together demonstrate that this claim is based on a fundamental misunderstanding of the economics of monopoly, and of property rights in patented inventions.
Covid-vaccine innovation has provided a miracle to all of society, making it possible for us to recover from a devastating pandemic in just a year. Vaccines have literally meant the difference between life and death. In response to the truly heroic efforts of these enterprises, the federal government has proposed to seize their property via […]