Innovation policy in one…napkin?

You've probably heard of "the Laffer curve," the tax chart that Arthur Laffer sketched on the back of a napkin for Ronald Reagan, and that supposedly heavily influenced Reagan's thinking on tax cuts. Well, here's the Tabarrok curve:

I agree with Alex Tabarrok's napkin curve, by the way. So who will be the first president to take it up as a cause?

You can read much more from Tabarrok on patents here. Or you can listen to the excellent "This American Life" on the subject here.


Call it the Tabarrok Curve

Also on Wonkblog

Sidestepping the filibuster won't solve the fiscal cliff