Posted at Hartmann Report on Oct. 29, 2023
The Founders on Patents and Copyrights: The Hidden History of Monopolies
There are two basic types of monopoly: those created by a business growing so large that it controls a marketplace, and those explicitly created by government. At the time of the writing of the Constitution, the term monopoly was generally used to describe either corporate monopolies like the British East India Company or government-created ones like patents and copyrights.
Much of this book is devoted to the East India Company types of monopoly, but the monopolies created by patent and copyright laws are important as well, particularly because these systems can either foster or stifle innovation and markets.