Against intellectual monopoly - ISBN:0521879280

Against intellectual monopoly

Date: 30 December 2010, 06:35

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In late 1764, while repairing a small Newcomen steam engine, the idea of allowing steam to expand and condense in separate containers sprang into the mind of James Watt. He spent the next few months in unceasing labor building a model of the new engine. In 1768, after a series of improvements and substantial borrowing, he applied for a patent on the idea, which required him to travel to London in August. He spent the next six months working hard to obtain his patent. It was finally awarded in January of the following year. Nothing much happened by way of production until 1775. Then, with a major effort supported by his business partner, the rich industrialistMatthew Boulton,Watt secured an act of Parliament extending his patent until the year 1800.

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