Thursday, September 28, 2006

Prizes, rather than patents, as reward

The Nobel laureate  argues in favour of prizes (over patents) in New Scientist

"Patents are not the only way of
stimulating innovation. A prize fund
for medical research would be one
alternative. "

The full essay can be accessed here.

Stiglitz's views have sparked a lively discussion at Marginal Revolution. Worth a look, if you are interested in such stuff.

Tags: , , , , , , ,

No comments: