Comments on: Innovation, Patents and Economic Growth http://www.economicshelp.org/blog/economics/innovation-patents-and-economic-growth/ Economics Blog - current events and economics essays Fri, 20 Nov 2009 12:34:39 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Dan http://www.economicshelp.org/blog/economics/innovation-patents-and-economic-growth/comment-page-1/#comment-1253 Dan Mon, 28 Jul 2008 05:20:45 +0000 http://www.economicshelp.org/blog/?p=600#comment-1253 In the study of Modern Innovation Economics, innovation is defined as the rate of change of knowledge with respect to time. Knowledge is defined as the rate of change of information with respect to time. Information is defined as facts and data. They are derivatives. The innovation economy as discovered by newer research requires that human knowledge becomes tangible outside the organizational construct of the corporation. There could be challenges to what we now know to be patentable. Why should a company patent if they can no longer guarantee monopoly status where knowledge assets cannot be contained. Business method patents may go so far as to patent algorithms for the allocation of a secret sauce of knowledge assets that produces a given probability of success for a business plan. Cool huh. See USPTO application: 20070226163. Very interesting ideas coming down the road. In the study of Modern Innovation Economics, innovation is defined as the rate of change of knowledge with respect to time. Knowledge is defined as the rate of change of information with respect to time. Information is defined as facts and data. They are derivatives.

The innovation economy as discovered by newer research requires that human knowledge becomes tangible outside the organizational construct of the corporation.

There could be challenges to what we now know to be patentable. Why should a company patent if they can no longer guarantee monopoly status where knowledge assets cannot be contained. Business method patents may go so far as to patent algorithms for the allocation of a secret sauce of knowledge assets that produces a given probability of success for a business plan. Cool huh.

See USPTO application: 20070226163. Very interesting ideas coming down the road.

]]> By: aditya http://www.economicshelp.org/blog/economics/innovation-patents-and-economic-growth/comment-page-1/#comment-1214 aditya Tue, 08 Jul 2008 10:20:52 +0000 http://www.economicshelp.org/blog/?p=600#comment-1214 Look at the success of an innovation in terms of ROI (return on investment). You really think any company would invest in trying to come up with something new even though they can blatantly copy their competitor’s product. Without patents, you cannot have a successful innovation. It sort of provides the safeguard for an invention to become a great innovation. Look at the success of an innovation in terms of ROI (return on investment). You really think any company would invest in trying to come up with something new even though they can blatantly copy their competitor’s product. Without patents, you cannot have a successful innovation. It sort of provides the safeguard for an invention to become a great innovation.

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