A Quote by Ludwig von Mises

If the government objects to monopoly prices for new inventions, it should stop granting patents.

Ludwig von Mises

Quote Topics

Government Inventions Monopoly New New Inventions Objects Patents Prices Should Stop

Quote Author

Ludwig von Mises
Austrian - Economist
September 29, 1881 - October 10, 1973

While I support granting drug companies patents to recover their investment and encourage innovation, companies that take advantage of this goodwill to build a monopoly must be stopped.

Mike Braun

I think software patents are a bad idea. Many patents are given for trivial inventions.

Larry Wall

In a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions (i.e. patents) from other companies. In addition, internal inventions not being used in a firm’s business should be taken outside the company.

Henry Chesbrough

The mere possession of monopoly power, and the concomitant charging of monopoly prices, is not only not unlawful, it is an important element of the free-market system. The opportunity to charge monopoly prices - at least for a short period - is what attracts 'business acumen' in the first place; it induces risk taking that produces innovation and economic growth.

Antonin Scalia

Patents have a place in medical science - for new inventions that advance the state of knowledge.

Adam Cohen

For us, not cooperating in the monopoly regimes of intellectual property rights and patents and biodiversity - saying "no" to patents on life, and developing intellectual ideas of resistance - is very much a continuation of Gandhian satyagraha. It is, for me, keeping life free in its diversity.

Vandana Shiva

For one thing, there are many "inventions" that are not patentable. The "inventor" of the supermarket, for example, conferred great benefits on his fellowmen for which he could not charge them. Insofar as the same kind of ability is required for the one kind of invention as for the other, the existence of patents tends to divert activity to patentable inventions.

Milton Friedman

If wealth is accumulated in the hands of a few, either by a feudal or a stock monopoly, it carries the power also; and a government becomes as certainly aristocratical, by a monopoly of wealth, as by a monopoly of arms. A minority, obtaining a majority of wealth or arms in any mode, becomes the government.

John Taylor

Who can object to a monopoly when any new company, if it is built around a scientific nucleus, can create a new monopoly of its own by creating a wholly new field?

Edwin Land

Everything that can be associated to ideas, inventions, copyrights, and patents is part of the IP world - at least, that's my definition. That all starts with people. Education is key.

Jean-Philippe Courtois

Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.

Winston Churchill

The whole privatisation of health and education, of natural resources and essential infrastructure - all of this is so twisted and so antithetical to anything that would place the interests of human beings or the environment at the center of what ought to be a government concern - should stop. The amassing of unfettered wealth of individuals and corporations should stop. The inheritance of rich people's wealth by their children should stop. The expropriators should have their wealth expropriated and redistributed.

Arundhati Roy

A good government implies two things; first, fidelity to the objects of the government; secondly, a knowledge of the means, by which those objects can be best attained.

Joseph Story

In order to educate man to a new longing, everyday familiar objects must be shown to him with totally unexpected perspectives and in unexpected situations. New objects should be depicted from different sides in order to provide a complete impression of the object.

Alexander Rodchenko

The federal government's role is to establish a process whereby industry can pitch a project, and Canadians can be reassured that this project is worth the risk. That's at the heart of governments granting permits and communities granting permission. People understand we do need economic growth. We do need natural resource projects.