Department of Management

Patent Facts Blog: Myth 1 - The Wright Brothers’ patent retarded early US aviation development Myth 2 - Selden's patent retarded early US automobile development Myth 3 - Edison’s Incandescent Lamp patent retarded lamp development Myth 4 - Fleming’s Diode patent retarded early US radio development

Research output: Other contributionNet publication - Internet publicationResearchpeer-review

  • John Howells
  • RD Katznelson, President of Bi-Level Technologies, Encinitas, California, USA. ron@bileveltech.com
A patent is a grant of the exclusive right for a novel, non-obvious invention. The value of patents to society lies in the incentives they provide to research and develop useful inventions.

Today many are prepared to argue that patents retard research and development and so hold back economic progress. Many myths circulate about the alleged social and economic harm done by patents. Policy and opinion makers have no quick means to check these myths against the relevent patent facts. The result is that they may doubt that patents provide economic development incentives. This is not in the public interest.
Original languageEnglish
Publication year2019
Publication statusPublished - 2019

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