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Do Recessions Stimulate Or Stymie Innovation?

Believers point to inventors, such as Thomas Edison and Steve Jobs, and argue that a recession — a time of great change — is just the time to invest in innovation.

However, doubters point out that companies and investors feel the need to play it safe in tough times, tying up cash that funds tinkering.


Paul Maeder, founder and general partner at Highland Capital, a venture capital firm

Jerry Beilinson, deputy editor of Popular Mechanics

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