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Published in:
Patents and Economics Read chapter Read first chapter

2019 | OriginalPaper | Chapter

7. The Future of Our Economy and Society

Author : Samuel Meng

Published in: Patentism Replacing Capitalism

Publisher: Springer International Publishing

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Abstract

This chapter envisions a number of economic and societal changes that would be brought about by implementing the new patent system. The synergy of the patent market and the capital market would ensure that the speed of innovation matches that of production, so the economy would grow at the highest speed possible and economic recession can be avoided. The new patent system would also make inventors the richest class and thus transform capitalism into patentism. The chapter also discusses the era beyond the new patent system.

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previous chapter A New Patent System to Usher in an Innovative Economy
Literature
Harari, Y. N. (2015). Homo Deus: A Brief History of Tomorrow. London: Harvill Secker.
Stiglitz, J. (2013). Institutional Design for China’ Innovation System: Implications for Intellectual Property Rights. In D. Kennedy & J. Stiglitz (Eds.), Law and Economic Development with Chinese Characteristics: Institutions for the 21st Century. New York and Oxford: Oxford University Press. http://​slideplayer.​com/​slide/​5710070/​.
Tuccille, J. (1971). It Usually Begins with Ayn Rand. New York: Stein and Day.
Metadata
Title
The Future of Our Economy and Society
Author
Samuel Meng
Copyright Year
2019
Book
Patentism Replacing Capitalism

Print ISBN: 978-3-030-12246-1

Electronic ISBN: 978-3-030-12247-8

Copyright Year: 2019

DOI
https://doi.org/10.1007/978-3-030-12247-8_7

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