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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.

    "An Economic Review of the Patent System". Book by Fritz Machlup, U.S. Senate, Subcommittee on Patents, Trademarks and Copyrights, Study No. 15, p. 79-80, 1958.