Phrase by 'Alex Tabarrok'
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Patents are like fertilizer. Applied wisely and sparingly, they can increase growth. But if you apply too many chemicals, or make patents too strong, then you can leach the land, making growth more difficult.
Author: Alex Tabarrok - Canadian EconomistYou , Difficult , Strong , Growth
It used to be that almost all innovation came from the U.S. and a small number of other developed countries. That's no longer the case, and as China and India grow, it's changing even more. Expect a lot more Chinese and Indian Nobel prizes in the future.
Author: Alex Tabarrok - Canadian EconomistGrow , Future , Small , Innovation
It would be really great if I discovered a cure for cancer, but it would only be a little bit less great if my neighbor did. So I am pretty happy when my neighbor becomes wealthier, better educated and more innovative. I feel the same about China and India.
Author: Alex Tabarrok - Canadian EconomistFeel , I Am , Happy , Great
When the FDA forces an old drug off the market, patients have very little say in the matter. Patients have even less of a say when the FDA chooses not to approve a new drug. Instead, we are supposed to rely on the FDA's judgment and be grateful. But can the FDA really make a choice that is appropriate for everyone? Of course not.
Author: Alex Tabarrok - Canadian EconomistNew , Grateful , Matter , Choice
Conservatives have long argued, correctly, that 'fine-tuning' the economy is a chimera, but that argument seems to have disappeared from the conservative handbook.
Author: Alex Tabarrok - Canadian EconomistLong , Conservative , Economy , Argument
As far as wages are concerned, the only difference between immigration and birth is that birth takes longer.
Author: Alex Tabarrok - Canadian EconomistOnly , Birth , Difference , Immigration