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Risk Management

By Fritz Machlup

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But the explanation is probably more political than economic; one clear fact is that many patent attorneys and few economists were heard by the legislative bodies. In several countries patents terminate prematurely upon failure to pay renewal fees; such fees may increase from very modest charges for the first years—none for the first 4 years in the United Kingdom—to progressively higher levels in later years. 46 “Live patents” may obstruct inventive or innovative activity long after their owners have decided not to use the inventions covered.

14 “Die Gutachten der preussischen Handelsvortände über die Patentfrage,” Vlerteljahrschrift für Volks-wirthschaft und Kulturgoschichte, 2. Jahr (1864), No. I, pp. 193-215; see also Hermann Grothe, Das Patentgesetz, für das Deutsche Reich (Berlin: Guttentag, 1877), pp. 22-32; Al. Pilenko, Das Recht des Erfinders (Berlin: Heymann, 1907), pp. 96-102. , and 17. September,” Vierteljahrschrift Volkswirthschaft und Kuturgeschichte, 1. Jahr (1863), No. III, p. 221. 16 Hirth's Annalen des Norddeutschen Bundes (Berlin) 1868, pp.

Such publication does, however, testify to the subcommittee's belief that the study represents a valuable contribution to patent literature and that the public interest will be served by its publication. Joseph C. O’Mahoney, Chairman, Subcommittee on Patents, Trademarks, and Copyrights, Committee on the Judiciary, United States Senate* June 30, 1958. Table of Contents Cover Foreword I. Introduction II. Historical Survey A. Early History (Before 1624) B. The Spread of the Patent System (1024-1850) C.

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