Monday, October 16, 2006

Bastiat on patents & monopoly

A very interesting article taken from Mises.org and reproduced at Marc Faber's site, Gloomboomdoom.com. In this essay, Nicholas Snow tells us about the "Three Stages of Invention", and Frederic Bastiat's philosophy on economic protectionism.

What would Bastiat make of our patent laws? Read on to find out. (Note: article link is to a PDF file).