Patentism Replacing Capitalism

Focusing on the flaws in the current patent system, the author argues that innovation scarcity leads to economic recessions. By reviewing the history of economics and critiquing recent trends in econometrics, the book proposes a new theory of cyclic economic growth. It advocates for a redesigned patent system that would foster innovation and create synergy with capital markets, ultimately preventing recessions and promoting rapid economic and societal change. Through this lens, the author envisions a transformative path away from capitalism.