Book Search:  

 

 
Google full text of our books:

bookjacket

Innovation and Its Discontents:
How Our Broken Patent System is Endangering Innovation and Progress, and What to Do About It
Adam B. Jaffe & Josh Lerner
With a new preface by the authors

One of Economist's Best Books , Economics and Business Category for 2004

Paperback | 2007 | $25.95 / £17.95 | ISBN: 9780691127941
256 pp. | 6 x 9 | 14 line illus.
| SHOPPING CART

eBook | ISBN: 9781400837342 |
Our eBook editions are available from these online vendors

Reviews | Table of Contents
Introduction [HTML] or [PDF] pdf-icon

Google full text of this book:
 

The United States patent system has become sand rather than lubricant in the wheels of American progress. Such is the premise behind this provocative and timely book by two of the nation's leading experts on patents and economic innovation.

Innovation and Its Discontents tells the story of how recent changes in patenting--an institutional process that was created to nurture innovation--have wreaked havoc on innovators, businesses, and economic productivity. Jaffe and Lerner, who have spent the past two decades studying the patent system, show how legal changes initiated in the 1980s converted the system from a stimulator of innovation to a creator of litigation and uncertainty that threatens the innovation process itself.

In one telling vignette, Jaffe and Lerner cite a patent litigation campaign brought by a a semi-conductor chip designer that claims control of an entire category of computer memory chips. The firm's claims are based on a modest 15-year old invention, whose scope and influenced were broadened by secretly manipulating an industry-wide cooperative standard-setting body.

Such cases are largely the result of two changes in the patent climate, Jaffe and Lerner contend. First, new laws have made it easier for businesses and inventors to secure patents on products of all kinds, and second, the laws have tilted the table to favor patent holders, no matter how tenuous their claims.

After analyzing the economic incentives created by the current policies, Jaffe and Lerner suggest a three-pronged solution for restoring the patent system: create incentives to motivate parties who have information about the novelty of a patent; provide multiple levels of patent review; and replace juries with judges and special masters to preside over certain aspects of infringement cases.

Well-argued and engagingly written, Innovation and Its Discontents offers a fresh approach for enhancing both the nation's creativity and its economic growth.

Review:

"A lucid, entertaining and sobering look at the American patent system."--Hal R. Varian, New York Times

"A disturbing analysis of how the patent system, the heart of the knowledge economy, is rotten. With plenty of examples, the authors explain how America's patent system has become slow and bureaucratic, awarding too many patents for the wrong sorts of things. As a result, it is a threat to this most innovative economy."--Economist

"This book sounds an alarm bell that is hard to ignore since this is a policy area, which is very important for the national interests of the United States. The authors maintain that the present patent system in this country is profoundly flawed."--Giuseppe Ammendola, American Foreign Policy Interests

"This is a timely and concise book that presents a comprehensive and convincing argument about the not-so-explicit changes in U.S. patent law beginning in 1982, changes that the authors argue have broken a patent system that worked previously."--Zainub Verjee, Leonardo Reviews

"Adam Jaffe and Josh Lerner have given us a wonderfully timely book--and also one that is beautifully executed. If Congress is to reform the system, the public ought to understand its current failings."--Rochelle Dreyfuss, Michigan Law Review

"The authors should be applauded for their straight-forward approach and their focus on definite practices such as the patent application process. With elucidating, often entertaining examples this book would be appropriate as supplemental text for students and scholars of intellectual property rights."--Erik N. Dean, Journal of Economic Issues

Endorsement:

More Endorsements

Table of Contents:

Preface ix
Introduction: They Fixed It, and Now It’s Broke 1
CHAPTER 1: Today’s Patent System at Work 25
CHAPTER 2: The Dark Side of Patents 56
CHAPTER 3: The Long Debate 78
CHAPTER 4: The Silent Revolution 96
CHAPTER 5: The Slow Starvation 127
CHAPTER 6: The Patent Reform Quagmire 151
CHAPTER 7: Innovation and Its Discontents 170
Notes 209
Index 229

This book has been translated into:

  • Chinese (Simplified)

Another Princeton book authored or coauthored by Josh Lerner:

Subject Areas:

Shopping Cart:

  • For ebooks:

Our eBook editions are available
from these online vendors:

  • Amazon Kindle Store
  • Apple iBooks
  • Barnes & Noble Nook Store
  • Google Play eBook Store
  • Kno eBook Store
  • Kobo eBook Store
  • Many of our ebooks are available through
    library electronic resources including these platforms:

  • Books at JSTOR
  • Ebrary
  • Ebook Library
  • EBSCO Ebooks
  • MyiLibrary
  • Dawsonera (UK)

  • Shopping Cart:

    • For hardcover/paperback orders:

      For hardcover/paperback orders in the United States, Canada, Latin America, Asia, and Australia

      Paperback: $25.95 ISBN: 9780691127941

      For hardcover/paperback orders in Europe, Africa, the Middle East, and India

      Paperback: £17.95 ISBN: 9780691127941

      Prices subject to change without notice

      File created: 4/17/2014

    Questions and comments to: webmaster@press.princeton.edu
    Princeton University Press

    New Book E-mails
    New In Print
    PUP Blog
    Videos/Audios
    Princeton APPS
    Sample Chapters
    Subjects
    Series
    Catalogs
    Textbooks
    For Reviewers
    Class Use
    Rights
    Permissions
    Ordering
    Recent Awards
    Princeton Shorts
    Freshman Reading
    PUP Europe
    About Us
    Contact Us
    Links
    F.A.Q.
    PUP Home


    Bookmark and Share
    Send me emails
    about new books in:
    Economics
    Political Science and International Relations
    Law
    More Choices
    Email:
    Country:
    Name: