One of the reasons why we fall for the erroneous idea that patents are good for society is because we greatly overestimate the importance of the specific individual or company making a discovery while being unaware of how the market process—via its various mechanisms like prices, the profit motive, and economic competition—plays a key role...

At the end of December, many make New Year’s resolutions to implement from the first day of January. As the annual hourglass counts down, people analyze their shortcomings or excesses and consider how to balance them: learning a new language, exercising more, reducing or eliminating vices... However, as the weeks go by, these goals are often forgotten due to daily commitments, laziness, or simply because they stem from excessive ambition.

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