Market trade in patents and the rise of a class of specialized inventors in the 19th century United States

Article Abstract:

The creation of the patent system by the United States government in 1836 stimulated the invention of new technology by giving inventors a way to make money off of their ideas. Previously, inventors had to develop their own idea, but now they could sell the patent and move on to new ideas.

Scientific Research and Development Services, Development, Economic aspects, Marketing, History, Law, Technology, Patent law, Inventors, Technology and law

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Retrospectives: how Joan Robinson and B.L. Hallward named monopsony

Article Abstract:

The history of economic words and ideas are studied in order to understand the workday dialogue of economists. The evolution and the etymology of the word monopsony are discussed and several other appropriate terms for 'a single buyer' that has entered the economist's lexicon are examined.

Monopsonies

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Institutions, factor endowments, and paths of development in the New World

Article Abstract:

The economic history of North America is compared with that of the Caribbean and Latin America. The divergent paths of economic development are traced and the reasons for differential success analysed.

International aspects, Economic development

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