HAIC | Frédéric Bastiat on Innovation
Frédéric Bastiat on Innovation
Frédéric Bastiat, Innovation, HAIC
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"All innovation goes through three stages. One possesses unique knowledge and profits from it. Others imitate and share profits. Finally, the knowledge is widely shared and no longer profitable on its own which thereby inspires new knowledge."

— Frédéric Bastiat on Innovation