How non-economist Economics successfully explains GDP

The Idea of Ideas

Non-economist Economics succeeds by enumerating what everyone knows; ideas - when developed - improve our lives and make us richer. i  → R&D  → GDP Despite decades of effort - and the award of Economics Prizes for progress - economist Economics leaves gaps and questions in and around each arrow of the above sequence. To fill these gaps and answer these questions reigning paradigms within economic discourse need new imagination. Among these are the Cournot determination of price, the Hedonic method of characterizing quality change and the Cobb-Douglas Production Function. Decades of trial and effort with these methodologies was recently complemented by a half-Nobel prize awarded for a suppression model of innovation when escalation clearly dominates. The 2025 Nobel Committee learns what innovators actually know  including an already existing escalation model. Its key principles - Competitive Pressure, Co-existence, Non-existence, New Existence, Origination, and Conveyance - change the emphasis in economic growth from Capital and Labor to a novel and original mechanism of ideas that operate in markets and numerically convert i to GDP; eclipsing antecedents. when 2 Trouble Tickets are Involved