GigaOM notes that (excerpting) “Gary Becker, a Nobel-prize winning professor at the University of Chicago, stated this week that the U.S. patent system is ”too broad, too loose, and too expensive” and called for the end of software patents: ‘Disputes over software patents are among the most common, expensive, and counterproductive. Their exclusion from the patent system would discourage some software innovations, but the saving from litigation costs over disputed patent rights would more than compensate the economy for that cost.'” Here are Becker’s comments, from the always-fun Becker-Posner Blog.
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