Julius Krein, Author at American Affairs Journal

Fredrik Erixon

Fredrik Erixon is the director and cofounder of the European Centre for International Political Economy. He is the co-author of The Innovation Illusion: How So Little Is Created by So Many Working So Hard (Yale University Press, 2016).

Articles by Fredrik Erixon

Patent Reforms to Encourage Innovation and Competition

The original justification for patents and copyrights was to secure the moral right of holders to determine the use of their creations. For some time now, however, patents have been justified in terms of their economic utility. According to this view, market exclusivity is necessary for motivating inventors and investors to put time and money…

Capitalism without Capitalists

Western capitalism is in bad shape. A decade has passed since banks and financial houses began to crumble and took Western economies to the brink of collapse, but economic growth on both sides of the Atlantic remains weak. It is still determined more by governments and central banks than the animal spirits of entrepreneurial capitalism.…