Laws & Patents

    Stronger patents can lead to more innovation by creating an incentive for research and development. They also can be used protectively, creating long-lasting monopolies. At the Institute, we're asking to what extent the law should safeguard patents, and where patent law hurts economic progress.

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    Leveling the Playing Field From College To Career

    In the United States achieving equal opportunity in postsecondary education is typically described in terms of enrolling more underrepresented groups into the selective colleges. The belief is that if this step is accomplished it will have a fundamental impact on the problem of inequality at the national level. However, what if there are not enough places in selective colleges to accomplish this goal? What if the selective colleges do not have enough capacity to make a significant impact in the problem of serving students from underrepresented groups withdemonstrated high abilities? Read more

    Toward an Intellectual History of Uncertainty

    Economists discussing the problem of radical uncertainty commonly invoke Frank Knight’s classic definition in Risk, Uncertainty and Profit, but only rarely venture to explore the broader contours of his argument. Read more