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SteveA · Aug 10, 2005, 07:27 pm

I think I know where people get confused:

There's an assumption that the invention is already public knowledge when it's created.

No, if it were public knowledge, then it wouldn't be a novel invention

The inventor just states the benefits, without revealing the details of the discovery, then sells the whole package to the public when enough people offer to pay a satisfactory amount of money.

Like this:

"Invention for sale: New Carberator - improves gas mileage by 5%, with 10% less costs in construction than current leading designs.

Details available for compensation of $250,000"

(With typical arbitration available over disputes)

There are also other ways that things can be handled with property rights and non-disclosure agreements to pass this to third parties, who can sell it for the inventor (similar to the inventors houses we have now). Free markets and capitalism can work wonders, once the markets are truly free.

Aug 10, 2005, 07:27 pm	#14 (permalink) (top)
SteveA Anarcho-capitalist Posts: 1,972	I think I know where people get confused: There's an assumption that the invention is already public knowledge when it's created. No, if it were public knowledge, then it wouldn't be a novel invention The inventor just states the benefits, without revealing the details of the discovery, then sells the whole package to the public when enough people offer to pay a satisfactory amount of money. Like this: "Invention for sale: New Carberator - improves gas mileage by 5%, with 10% less costs in construction than current leading designs. Details available for compensation of $250,000" (With typical arbitration available over disputes) There are also other ways that things can be handled with property rights and non-disclosure agreements to pass this to third parties, who can sell it for the inventor (similar to the inventors houses we have now). Free markets and capitalism can work wonders, once the markets are truly free. Freedom - are you man enough to handle it? If so, join us in New Hampshire! The Free State Project ("Liberty in our lifetime!") www.freestateproject.com Last edited by SteveA; Aug 10, 2005 at 07:32 pm.