Abstract
As we've struggled to navigate the Great Recession, innovation has become a central concern. Politicians and economists both suggest that the only way out of the current bleak outlook is to innovate our way out, and President Obama's administration has made innovation initiatives a rhetorical centerpiece of its economic program. These discussions all reflect a certain faith in America's ability to innovate, but they also express a particular anxiety. Declines in the key indicators of economic growth seem to correlate with declines in RD the article asserts that the sluggish economy is responsible for the apparent lag, suggesting that companies are putting the brakes on innovation projects until the prospects are better. …
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