The Ed Lazear patent question

by Tyler Cowen on September 14, 2007 at 9:05 am in Current Affairs | Permalink

In my view not a big deal, but here is the story.

4 comments

odograph September 14, 2007 at 9:31 am: My question wouldn’t be about Ed, but about the patent.

Computers have been used to search for optimized outcomes for 50 years plus. What is being patented here? Is it just, as our system bizarrely supports, the “novel idea” to apply ancient techniques to some “outcome” no one else has gotten around to patenting?

If there is genuine innovation that someone can name, I’ll be happy to stand down.
candid September 14, 2007 at 1:28 pm: Without the monopoly protection granted by a patent, innovators would have no incentive to develop ways to lower their tax bills. Duh!
Allan September 14, 2007 at 4:56 pm: Matt,

If what you write is true, and Mr. Lazear has no monetary interest in Liquid Engines, I would agree that there is nothing unseemly or even unethical.

Allan
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