Wednesday, April 22, 2015

Regulation

EU charges Russia's Gazprom with anti-trust and overcharging.

A nineteenth century case against patents.
"“Among French economists, Michel Chevalier was probably the most emphatic in the joint antagonism to tariffs and patents, declaring that both ‘stem from the same doctrine and result in the same abuses.’”"
A patent drives up the cost of a good, but it does more than that.

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