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  • Cited by 2
  • Print publication year: 2011
  • Online publication date: December 2011

9 - Innovation and Its Discontents

from Part II - Perspectives on the Problems of Anticommons and Patent Thickets

Summary

Over the course of the 19th and 20th centuries, the United States evolved from a colonial backwater to become the preeminent economic and technological power of the world. The foundation of this evolution was the systematic exploitation and application of technology to economic problems: initially agriculture, transportation, communication and the manufacture of goods, and then later health care, information technology, and virtually every aspect of modern life.

From the beginning of the republic, the patent system has played a key role in this evolution. It provided economic rewards as an incentive to invention, creating a somewhat protected economic environment in which innovators can nurture and develop their creations into commercially viable products. Based in the U.S. Constitution itself, and codified in roughly its modern form in 1836, the patent system was an essential aspect of the legal framework in which inventions from Edison's light bulb and the Wright brothers’ airplane to the cell phone and Prozac were developed.

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