Innovations Policy

Patents and innovation – a difficult case for economists!

Economists are sometimes disappointing; they struggle to take sides. It’s the famous story of President Truman’s chief economist who couldn’t give a fixed opinion on most subjects of economic policy. It was always “on the one hand... on the other hand“ to the point that one day, exasperated, Truman exclaimed – “Someone please bring me a one-handed economist!“. Read more