“If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic consequences, to recommend instituting one. But since we have had a patent system for a long time, it would be irresponsible, on the basis of our present knowledge, to recommend abolishing it.” IfsLongWould BeEconomicLong TimeConsequenceBasesIrresponsiblePatents Author:Fritz Machlup
“One of the most original and most important ideas advanced by Hayek is the role of the 'division of knowledge' in economic society.” ImportantIdeasRolesEconomicOriginalsDivisionHayek Book:Essays on Hayek Source: Essays on Hayek
