Government Quote by Ludwig von Mises
“If the government objects to monopoly prices for new inventions, it should stop granting patents.”
About This Quote
Source Speech: Economic Essay, 1930s
Patents create artificial monopolies; if government opposes monopoly pricing, it should eliminate patents to preserve competition.
In simple terms: Patents cause monopoly; stop them to keep competition.
Key Takeaway
Eliminate patents to avoid monopoly pricing.
Themes
economics
property rights
competition
Mood
critical
analytical
Type
philosophical
political
When to use this quote
- policy debate
- startup funding
- innovation incentives
Key Concepts
monopoly
government regulation
intellectual property
Questions to Reflect On
- Is competition better without patent protection?
- How would innovators be rewarded?
A Different Perspective
Patents also protect inventors' returns; removing them may reduce R&D.
