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The Economist

Volume 1, No. 3

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Author: Various Authors
Published: 1843
Language: English
Wordcount: 38,153 / 124 pg
Flesch-Kincaid Reading Ease: 13.6
LoC Categories: AP, HB
Downloads: 8,537
Added to site: 2008.12.29 23015
Genre: Periodical

tion of the gains. In the course of time, however, the public began to discover that these monopolies acted upon them directly as a tax of a most odious description; that the privileged person found it needful always to keep the supply short to obtain his high price (for as soon as he admitted plenty he had no command of price)--that, in short, the sovereign, in conferring a mark of regard on a favourite, gave not that which he himself possessed, but only invested him with the power of imposing a contribution on the public.

The public once awake to the true operation of such privileges, and severely suffering under the injuries which they inflicted, perseveringly struggled against these odious monopolies, until the system was entirely abandoned, and the crown was deprived of the power of granting patents of this class. But though the public saw clearly enough that these privileges granted by the sovereign to individuals operated thus prejudicially on the community, they did not see with equal clearness



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Author of the Day

Andrew Updegrove
When Andrew Updegrove isn't writing or predicting the next cyber-disaster, he's likely to be roaming the back country of the American southwest in his Jeep, scouting out settings for his next book. More than thirty years of experience as an attorney representing technology companies also serves as a great source of inspiration. As our Author of the Day, Updegrove chats about his journey as an author, reveals how some of the scenarios described in his books actually came true and talks about cybersecurity and how vulnerable we are.
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