Contents: Preface -- 1. What capitalism was -- 2. Where capitalism came from -- 3. The capture of market power -- 4. The fatal capture of money -- 5. Could anything have saved it? -- Epilogue: the centre could not hold -- Index.

Poor countries were induced to enact the strong intellectual property rights required for membership of the World Trade Organization by empty promises of better access to markets and reductions in US farm and EU export subsidies. Patents have prevented access to cheap generic versions of drugs...

Schumpeter’s forecast in his Capitalism, Socialism and Democracy (<CitationRef CitationID="CR52">1942</CitationRef>) that ‘a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society’ did great damage to his reputation. This was especially so after the fall of the Berlin wall,...</citationref>

The Patent-granting practice of the United States requires that an applicant be "first-to-invent," not "first to file." This means that if two applications which might be for the same invention are received within a short time of each other, an "Interference" investigation by the Patent and...

In Business Cycles (1939) Schumpeter took up empirical data which had been produced by Kondratieff, and made the “clustering” of innovations into the actual cause of long economic cycles. The book was a failure, largely due to negative reviews which stressed the poor quality of its...

The changes brought about by the Patent Act of 1952 were needed to adjust the administration of patents to the reality that invention and innovation now primarily result from investment rather than from individual creativity. An unintended result of these changes has been to make it difficult...