Patentism Replacing Capitalism

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The book presents a novel theory linking economic recessions to innovation scarcity, attributed to flaws in the current patent system. By critically analyzing the evolution of economic thought and rejecting the dominance of econometrics, the author proposes a redesign of the patent system. This new approach aims to foster synergy between patent and capital markets, ultimately preventing economic downturns and promoting rapid growth. The text not only critiques existing theories but also envisions transformative societal changes through improved economic frameworks.