Finanomics – Economics of Patents

Scientists opening a briefcase in the lab

In last week's edition of Finanomics, I wrote about the need for the waiver of patents for vaccines as well as other covid-related innovations, as that could help end the covid-19 pandemic sooner. Since the last week's post went up the United States Trade Representative (USTR) Katherine Tai, announced that the Biden administration was now willing to support a temporary waiver of TRIPS (Trade-Related...

The New Normal

extinguishing a forest fire

Throughout the history of man, we have desired convenience, and it’s not always been aligned with the l'évolution rapide in all phases of human life with time: the convenience of transportation, communication et al. The convenience of shifting blame has always been a primal and constant resource for our species throughout. From an academic perspective, Julian Rotter’s seminal concept of ‘locus of control’ assigns...

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