A new patent system to usher in a new economy
Sam Meng and
George S. Chen
Economics of Innovation and New Technology, 2019, vol. 28, issue 8, 775-797
This paper shows that economic recessions result from a scarcity of product innovations attributable to the flawed balanced approach of the current patent system. While rejecting the balanced approach, this paper proposes an innovative approach and suggests a number of reforms to build a new patent system, including redefining patent right, banning exclusive patent licenses and patent assignments, standardizing patent licenses, prolonging patent duration infinitely, and improving the patent quality standard. It is projected that the new patent system will lead to faster and smoother economic growth.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:28:y:2019:i:8:p:775-797
Ordering information: This journal article can be ordered from
Access Statistics for this article
Economics of Innovation and New Technology is currently edited by Professor Cristiano Antonelli
More articles in Economics of Innovation and New Technology from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().