The issue for patents for new discovers has given a spring to invention beyond my conception.
Interpretation
Jefferson highlights how patent laws foster creativity and invention.
In this quote, Thomas Jefferson expresses his belief that the establishment of patent rights significantly accelerates the pace of invention and innovation. He recognizes that the protection and encouragement of inventors through patents not only benefits individual creators but also propels society as a whole toward greater technological and creative advancements, far beyond what he could have imagined.
In practice
In a speech about the importance of intellectual property rights.
The firmness with which the (American) people have withstood the... abuses of the press, the discernment they have manifested between truth and falsehood, show that they may safely be trusted to hear everything true and false and to form a correct judgment between them.
I, place economy among the first & most important republican virtues, & public debt as the greatest of the dangers to be feared
βWe must make our choice between economy and liberty or confusion and servitude...If we run into such debts, we must be taxed in our meat and drink, in our necessities and comforts, in our labor and in our amusements...if we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
Very many and very meritorious were the worthy patriots who assisted in bringing back our government to its republican tack. To preserve it in that, will require unremitting vigilance.
A nation, as a society, forms a moral person, and every member of it is personally responsible for his society.
Timid men prefer the calm of despotism to the tempestuous sea of liberty.
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
Competition is one of the most important drivers of innovation because you have to stay in the race. You have to think of something new, and if you don't, well, of course you should leave the market.
Predicting innovation is something of a self-canceling exercise: the most probable innovations are probably the least innovative.
The culture is what creates the foundation for all future innovation. If you break the culture, you break the machine that creates your products.
I just invent, then wait until man comes around to needing what I've invented.
The way innovating companies are designed leaves ambiguities, overlaps, decision conflicts or decision vacuums in some parts of the organisation. People rail at this, curse it-and invent innovative ways to overcome it.
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