Fritz Machlup Quotes
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If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic consequences, to recommend instituting one. But since we have had a patent system for a long time, it would be irresponsible, on the basis of our present knowledge, to recommend abolishing it.
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Fritz Machlup
- Born: December 15, 1902
- Died: January 30, 1983
- Occupation: Economist
- Cite this Page: Citation