Between patent trolls, and a few friends who had patents - I have extreme doubts about using patents as a metric for judging the success of Federal R&D spending policies.
Hear, hear! Especially in software, patents are an indication of stagnation, resistance to innovation, and rent-seeking, monopolistic behavior. Using their number as a proxy for innovation is backwards.
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Between patent trolls, and a few friends who had patents - I have extreme doubts about using patents as a metric for judging the success of Federal R&D spending policies.
Hear, hear! Especially in software, patents are an indication of stagnation, resistance to innovation, and rent-seeking, monopolistic behavior. Using their number as a proxy for innovation is backwards.