Comments on: The miracle of poverty http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/ Wed, 07 Jan 2009 03:07:39 +0000 http://wordpress.org/?v=2.0.1 by: Ashwin http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2328 Tue, 30 Nov 1999 00:00:00 +0000 http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2328 Would India fit into the same club? India Unbound seems to suggest the same, following a socialist policy killed our economy. Would India fit into the same club? India Unbound seems to suggest the same, following a socialist policy killed our economy.

]]> by: Yazad http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2329 Tue, 30 Nov 1999 00:00:00 +0000 http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2329 Yes. Read the articles. Leon explicitly mentions India as well. Yes. Read the articles. Leon explicitly mentions India as well.

]]> by: Niket http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2330 Tue, 30 Nov 1999 00:00:00 +0000 http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2330 Is some form of protectionism good for an economy? For example, the patent laws (or lack thereof) allowed Indian pharmaceuticals to flourish. So, through government intervention, you can skew the playing field to suit your own industry. When the industry becomes mature enough, you can lift these measures and allow competition to flourish. Is some form of protectionism good for an economy? For example, the patent laws (or lack thereof) allowed Indian pharmaceuticals to flourish. So, through government intervention, you can skew the playing field to suit your own industry. When the industry becomes mature enough, you can lift these measures and allow competition to flourish.

]]> by: j.pickens http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2331 Tue, 30 Nov 1999 00:00:00 +0000 http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2331 Patent Law is the polar opposite of government protectionism. Government protectionism is a means of trying to maintain the status quo of a market by limiting competition. This usually fails because it results in higher prices, or black markets. Patents, on the other hand, are a means of creating NEW products and improvements to products by insuring that the originators of the products are able to benefit from their creation. This ultimately results in more competion for existing products, and new markets for new products. Patent Law is the polar opposite of government protectionism. Government protectionism is a means of trying to maintain the status quo of a market by limiting competition. This usually fails because it results in higher prices, or black markets.

Patents, on the other hand, are a means of creating NEW products and improvements to products by insuring that the originators of the products are able to benefit from their creation.

This ultimately results in more competion for existing products, and new markets for new products.

]]> by: sauvik http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2332 Tue, 30 Nov 1999 00:00:00 +0000 http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2332 there is an unpublished interview i conducted with leon louw, which may be useful today. barun mitra should be able to provide a copy - ask for the full. unedited text. second: about patents: they are a TEMPORARY MONOPOLY granted by the state to favour certain people. they retard innovation. under anarcho-capitalism, there will be no patents - no temporary intellectual property rights - but there will be trademarks: that's all. even copyrights are quite meaningless today. do read law and economics by robert cooter & ulen; you can also refer to murray rothbard's ethics of liberty. there is an unpublished interview i conducted with leon louw, which may be useful today. barun mitra should be able to provide a copy - ask for the full. unedited text.

second: about patents: they are a TEMPORARY MONOPOLY granted by the state to favour certain people. they retard innovation. under anarcho-capitalism, there will be no patents - no temporary intellectual property rights - but there will be trademarks: that’s all. even copyrights are quite meaningless today. do read law and economics by robert cooter & ulen; you can also refer to murray rothbard’s ethics of liberty.

]]> by: Yazad http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2333 Tue, 30 Nov 1999 00:00:00 +0000 http://www.yazadjal.com/2004/11/01/the-miracle-of-poverty/#comment-2333 Here are links to stuff Sauvik has mentioned. Murray Rothbard's <a href="http://www.mises.org/rothbard/ethics/ethics.asp" rel="nofollow">Ethics of Liberty</a>. The entire book is available on the web, both in html and pdf formats. Cooter and Ulen have a <a href="http://www.cooter-ulen.com/" rel="nofollow">website</a>, but you'll have to buy Law and Economics. (And it's not cheap!) Here's the book on <a href="http://www.amazon.com/exec/obidos/tg/detail/-/0201770253/ref=ase_anarcaplib-20/102-5631461-5052145?v=glance&s=books" rel="nofollow">amazon.com </a> Here are links to stuff Sauvik has mentioned.

Murray Rothbard’s Ethics of Liberty. The entire book is available on the web, both in html and pdf formats.

Cooter and Ulen have a website, but you’ll have to buy Law and Economics. (And it’s not cheap!) Here’s the book on amazon.com

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