Comments on: Innovation and Economic Crises

By: tattoo removal

tattoo removal — Sat, 30 Apr 2011 09:23:20 +0000

It’s very interesting to see how the recession can affect the people’s tendency to create new ways to profit. I’m not sure that looking at patents is the best way to check it because surely there are a lot of “inventions” that doesn’t need to be registered or patented.

By: fitness equipment stores

fitness equipment stores — Sat, 02 Apr 2011 07:45:43 +0000

Change is inevitable and innovation is necessary. I think it is only a matter of learning to adjust and cope up with the trend even during recession.

By: Christi Pemberton

Christi Pemberton — Thu, 20 Aug 2009 01:24:35 +0000

The invention of the internet spawned a whole new system of economy, job creation, global communication; which has accelerated this major economic shift..meaning…the recession may cause for there to be new inventions, but the shift and restructuring of this economy already started. It just took the recession to kind of present this reality in a more stark and obvious fashion, and forced us to realize that this change was happening.

By: zoltan acs

zoltan acs — Fri, 24 Jul 2009 00:46:42 +0000

A final note about causation. If you look carefully the patenting happened before the depression, so it is a leading indicator. This also happened in the US. in the 1970s after the invention of the microprocessor. Once a major new invention, or cluster of inventions come out, investment in the old industries stops almost on a dime. What happens is a recession, great recession or a depression, until investment catches up in the new industries. How long that takes depends on many things. Given this story, I do not think we have had a great many new patents lately unless they are all hidden overseas. And that I doubt.

By: zoltan acs

zoltan acs — Fri, 24 Jul 2009 00:42:09 +0000

This is a brilliant post. I have two questions. First, the the increased activity between patents and depressions a cause or an effect. These two interact with each other. WE cannot figure this one out easily. But the second issue of the decline of the US patenting during this great recession can be explored with international data. I suspect that in fact if we looked at patenting around the globe it just might be up. So Mandel raised an interesting question but I suspect he is looking in the wrong place.

By: Dan Dascalescu

Dan Dascalescu — Mon, 20 Jul 2009 01:00:50 +0000

The number of patents are not a reliable indicator of innovation. See Basalla, George. 1988. The Evolution of Technology. New York: Cambridge, p.128, cited by Shermer, Michael in The Mind of the Market, p. 57: "Seventy of the most important inventions of the first half of the 20th century were the result of independent inventors who did not patent their inventions: the automatic transmission, Bakelite, the ballpoint pen, cellophane, the cyclotron, the gyrocompass, insulin, the jet engine, Kodachrome film, magnetic recording, power steering, the safety razor, xerography, the Wankel rotary-piston engine, and the zipper."

By: AchieveAlign — blue ocean = being innovation

AchieveAlign — blue ocean = being innovation — Sat, 18 Jul 2009 18:30:00 +0000

[...] richard florida and his work at creative class before. i’m a big fan. his latest post Innovation and Economic Crises attempts to make the point that crises are periods of significant innovation … and does so [...]

By: Creative Class: Innovation and Economic Crises | Lies My Gantt Chart Told Me

Sat, 18 Jul 2009 16:53:51 +0000

[...] and Economic Crises Saturday, July 18, 2009 By jarie Nice summary of the weeks data about Innovation and how it affects the economy. The dips in innovation in 2000 and 2006 are most likely due to [...]