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September 28, 2010


I would hesitate to equate the rate of patent filings with the rate of innovation. IP expert Gene Quinn has noted that, during recessions, innovative activity generally increases, because unemployed innovators have more time to bring long-simmering inventions to fruition. If this is the case, then it's quite possible that innovation has flourished during the latest economic downturn, but innovators simply couldn't afford to file applications.

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