Patents stop people doing things. So why are they a good thing? - Audio

The public debate about patents is old and never stops. Here is what Jeremy Bentham said: “So long as men are governed by unexamined prejudices and led away by sounds, it is natural for them to regard Patents as unfavourable to the encrease of wealth. So soon as they obtain clear ideas to annex to these sounds, it is impossible for them to do otherwise than recognize them to be favourable to that encrease: and that in so essential a degree, that the security given to property can not be said to be compleat without it” This lecture will put the debate in modern context and show why Bentham was right.