Ann Torrence wrote:A great explanation of capitalism was in one of my college textbooks, yes still in print and a comic book at that:
Marx for Beginners
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We started a biotech business because of a failure in the gift economy.
For his science, makes molecular markers in his lab. Because part of his work is federally funded, he is required by law to make them available to others in his field (he can't squash others' science by not sharing technology). He is not required to give them away; the university can also license his ideas and products to be sold through the free market. Back in 1995, he got a phone call from a colleague and friend: