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Why are inventors in America more productive than their French or British counterparts at least judging by the number of patents they get issued? Perhaps because oligopolies are more common in the US than they are elsewhere. Baumol suggests that oligopolies use their excess rent i.e., profits which exceed perfect competition takings to innovate and thus to differentiate their products.
As to government, if I might recommend a prudent caution to them, it would be, to innovate as little as possible, upon speculation, in establishments from which, as they stand, they experience no material inconvenience to the repose of the country, quieta non movere. I could say a great deal more; but I am tired, and am afraid your Lordship is tired too.
"To think nothing of symmetry and much of convenience; never to remove an anomaly merely because it is an anomaly; never to innovate except when some grievance is felt; never to innovate except so far as to get rid of the grievance; never to lay down any proposition of wider extent than the particular case for which it is necessary to provide; these are the rules which have, from the age of John to the age of Victoria, generally guided the deliberations of our two hundred and fifty Parliaments."
Sect. 25. Now, therefore, we firmly hold, 1. That the prince may not innovate any custom or rite of the church, nor publish any ecclesiastical law, without the free assent of the clergy, they being neither unable for, nor unwilling unto, their ecclesiastical functions and duties; yea, further, that so far as is possible, the consent of the whole church ought to be had whensoever any change is to be made of some order or custom in the church; for that which toucheth the whole church, and is to be used by the whole church, ab omnibus etiam merito curatur.
Poetry requires ornament, and that is not to be had from our old Teuton monosyllables; therefore, if I find any elegant word in a classic author, I propose it to be naturalised by using it myself; and if the public approves of it, the bill passes. But every man cannot distinguish betwixt pedantry and poetry; every man, therefore, is not fit to innovate.
Gates used to come and talk to us older fellows about these things. "I don't wish to innovate unduly," he used to say. "But we ought to get in some German, you know, for those who like it. The army men will be wanting it some of these days."
To think nothing of symmetry and much of convenience; never to remove an anomaly merely because it is an anomaly; never to innovate except when some grievance is felt; never to innovate except so far as to get rid of the grievance; never to lay down any proposition of wider extent than the particular case for which it is necessary to provide; these are the rules which have, from the age of John to the age of Victoria, generally guided the deliberations of our two hundred and fifty Parliaments.
The first primate after the queen's accession, was Parker; a man rigid in exacting conformity to the established worship, and in punishing, by fine or deprivation, all the Puritanical clergymen who attempted to innovate any thing in the habits, ceremonies, or liturgy of the church.
A beginning of deliberate provocation and challenge, passing into an after-period of more or less involuntary persistence in an exaggeration of the mannerisms at first more or less deliberately adopted, is apt to be shown by persons who set themselves in this way to innovate; and it was shown by Mr. Browning.
It is possible that gravel, lime, and stone can be found in rolling land, and that fruit trees either exist or if planted would bear fruit in the marsh land, some even in the mountains; but the ruling castes follow ancient custom, and the working caste has no right to innovate.
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