Even with no protection for ideas, discovery would continue from non-monetary motivations (secrecy, reputation, curiosity, glory); the claim is not that discovery would stop without incentives but that since discovery already proceeds at an exciting rate under reduced incentives, turning up the dial slightly could accelerate it—though done badly, bureaucratized subsidies could strangle the golden goose and leave us worse off than no subsidies at all.
causalpending
Speaker
Paul RomerEvidence Quote
“even if we had no legal protection for ideas whatsoever, there's still lots of incentives for discovery. Some would come from secrecy... Some comes from just reputation and curiosity”
Created: 6/16/2026, 2:38:24 PM
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