We believe the Internet represents the motor of the 21st century economy, and its always nice to hear a Nobel Prize winner explain how best to encourage net innovation. Czech CERGE-EI think tank recently organized a Google Hangout with Nobel Laureate for economics Eric Maskin .David Marek (Chief Economist, Patria Finance) and Jakub Steiner (Associate Professor, CERGE-EI). During his discussion, Professor Maskin is not an anti-patent zealot. He compared the software to the pharmaceutical industry, where he said patents could be effective. “In the case of drugs, where you have a single big breakthrough and have to spend hundreds of millions, patents have been useful for drug companies and society,” he said. Posted by Denis Gibadulin, Public Policy & Gov't Relations Analyst, Czech Republic
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