PATENT LAW by Peter F. Drucker

“I served several years ago on a panel on patent law. My colleagues on the panel were all patent lawyers. They were concerned with technical reforms. As I listened to their talk, however, it became clear to me, the outsider, that technicalities were not the reason why the patent law had become a matter for discussion.

The underlying assumptions were changing—and the law had not changed with them. It simply had been taken for granted by the authors of our present patent law that research and invention in mechanical and industrial areas are done by private individuals either working for themselves or for private entrepreneurs.

The law does not yet know that 75 percent of the money spent today on research and invention is federal money.”

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PATENT LAW by Peter F. Drucker

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