#2,635 in Business & money books
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Reddit mentions of Sex, Science & Profits: How People Evolved to Make Money
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Reddit mentions: 2
We found 2 Reddit mentions of Sex, Science & Profits: How People Evolved to Make Money. Here are the top ones.
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Read "Sex, Science, and Profits."
http://www.amazon.co.uk/Sex-Science-Profits-Terence-Kealey/dp/0434008249
You seem to be defending copyright - that's a totally separate argument from patents, only thing in common they have is that they are intellectual property laws.
>Not at all. The lower cost comes from not having to recoup any costs of development, and thus you have to provide literally squat in order to enter the market.
IIRC some economist calculated that marginal cost of copying a product, just marginal cost (not including the implied cost of having a team able to reverse engineer the product, pay for their education and work - since they need to do work to be up to date in field and be able to copy) is ~70% of R&D. That's just a rough number behind that argument I already proposed for cost of copying.
Here is a great video if you are interested, he talks about patents somewhere in and compares US aviation industry growth with and without patents, also he wrote a book with a chapter on topic. His conclusion is that the only area patents are "justified" is pharmaceuticals because cost of testing the drug exceed cost of R&D by far and once you test the drug there is no need to do it again (or the cost is significantly less) even when you reverse engineer it.