The Wealth of Ideas – Chapter 4 : The Argument of the Head

A simple theory can work very well. Or it can be dangerously wrong. IPR theory, at first glance, may feel intuitively correct. But, as this chapter shows, it is distorted; it is based on propaganda and fictitious constructs, it denies economic reality, and it ignores some basic important facts, such as the effects of technological progress and the nature of innovation. IPR theory is built on quicksand – once under scrutiny, it falls apart quickly.

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Download The Wealth of Ideas – Chapter 4, by Joren De Wachter

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