Economists Often Say History Is Irrelevant. That’s A Mistake

The video discusses the relevance of historical events to modern times, focusing on the impact of patent laws on innovation. It highlights the need for alternative data to study these effects and examines how patent systems influence innovation types and levels. A case study of Italy's legal changes illustrates the impact on creativity. The video concludes by comparing copyrights and patents, emphasizing the need for more research on copyrights due to their policy relevance in the digital age.

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