I believe the market is very much like evolution - the best producers of goods and services strengthen while their competitors challenge them or die out. One of the main arguments against capitalism is the issue of monopolies and their power over their competitors. If there is a lack of competition …

How can an idea be homesteaded?

It is not being used, it is discovered by labor of an individual who discovers it by that labor. Seems to fit the general idea of homesteading something, altho by abstraction since ideas are not material entities. But I don’t see why that should matter particularly. One can own the ideas contained…

First off, no one can know in advance how much money an idea can “produce”. Second, I don’t see how anyone is prima facie entitled to any particular amount of money from an idea. The same is true for houses. For example, I own a house. And while I’d like to sell it for at least as much as I bought …

In order for something to be homesteaded, it must be used in some way. But as far as discovering ideas, can’t they be discovered independently by multiple people? Indeed, couldn’t you say that everyone who understands an idea thereby discovers it for himself? Because ideas exist in the mind, not …

First off, no one can know in advance how much money an idea can “produce”. Neither can one know in advance how much money a plot of land can produce. Nor is anyone entitled to any particular amount of money from any piece of property. Neither of these facts negate or affect ownership in any w…

I would recommend you listen to the IP class that Kinsella taught on Mises Academy. In that course, Kinsella has answered many of the questions/thoughts you have brought up in this thread. Kinsella has posted it for free here: http://libertarianstandard.com/2011/12/25/kinsellasrethinking-intellec…

I don’t see how that refutes my point. I wasn’t trying to imply otherwise. But you invited us to treat an idea as though it were an infinitely large tract of land that can nevertheless produce a finite amount of money. Well it seemed to me like you were arguing that, if other people make use of a…

I don’t see how that refutes my point. I wasn’t trying to imply otherwise. But you invited us to treat an idea as though it were an infinitely large tract of land that can nevertheless produce a finite amount of money. What’s wrong with that. We effectively have an infinite universe. It produces…

Do Patent Rights allow Monopolies in Capitalism?

Economics Economics Questions

Texas_Trigger October 3, 2012, 12:32pm 25

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Do Patent Rights allow Monopolies in Capitalism?

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