Missing Pieces solve the puzzle of Economic Growth

Innovation in Economics

If you are here to find out how innovation drives economic growth you are in the right place. You can study economics textbooks or papers but you won't find it there. It's missing. Instead there are proxies, but no rigorous measurement. When distanced from commercial reality, such as on campuses, proxies present the best you can expect. But they leave residuals. This academic impediment is known as 'a measure of our ignorance'. Its consequence is a contribution of innovation to growth that is massively under-represented in Economics. A proxy declining by 1% while corresponding growth rises by 35% shows how serious it is. Because innovation professionals inhabit commercial reality we are well positioned to satisfy a Government's concern on innovation, as follows, 1. We use economic language to raise our current concepts to new heights  5 pages, 2. That establish a new system of innovation (Google Books review) with no residual, 3. Authenticated as 'Innovation in Economics: Missing Pieces' full research 100 pages, Whose elements deliver a definition of innovation that directly connects its measure to underlying technology development and its consequent effect on GDP. To achieve what has stymied others, econometric methods are abandoned in favor of simple algebra and geometry; all exact, and which now satisfy, the originating Department of Commerce requirements for 'Measuring Innovation in the 21st Century Economy' with decisive impact on policy, improvement in National Accounting and in preparation for Big Data and for going Beyond GDP.