Market Trade in Patents and the Rise of a Class of Specialized Inventors in the 19th-Century United States

@article{Lamoreaux2001MarketTI,
  title={Market Trade in Patents and the Rise of a Class of Specialized Inventors in the 19th-Century United States},
  author={N. Lamoreaux and K. L. Sokoloff},
  journal={The American Economic Review},
  year={2001},
  volume={91},
  pages={39-44}
}
It has long been recognized that one of the original aims of the U.S. patent system was to stimulate technological development by granting inventors temporary monopoly rights to their discoveries. This paper argues that the U.S. system fostered inventive activity in another important way as well, by providing the institutional infrastructure necessary for the growth of a market for technology. Early 19thcentury inventors often had to play a direct role in the commercial development of their… Expand
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The Market for Technology
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