How Ideas become Objects. How adopted Objects become Economic Growth.
The Economics of Ideas
How ideas become objects and how objects become economic growth requires a
definition of innovation that controls a funnel of ideas whose emergent objects take
a commercially successful path to adoption within a National Accounting framework.
This purposeful origin should constitute Growth Economics, but it doesn't.
Growth Economics is held back by a vested interest best described as 'think like us'.
'Think like us' is exemplified by the conjecture known as 'Total Factor Productivity',
which is so deeply faulted that decades of multiple tweaks have not rescued it.
Therefore 'The Economics of Ideas' must start from genuinely new thinking.
That thinking comes from tacit knowledge only known to those who practice from it.
It is hidden from campus view by distance and by commercial rules of non-disclosure.
Academic freedoms to publish and teach do not apply to its unique potency, which
is fueled by data on actualities not otherwise available for analysis by outsiders.
It turns out that Economic orthodoxy does not work on this data. Without fanfare,
and since 1970, commercially motivated innovation professionals have sought an
alternative understanding. This has now been profoundly achieved, as follows,
Growth obeys four previously undiscovered scientific laws whose very simple algebra
has been hiding in 'plain sight' of academe for decades. Because academe still 'thinks
like us' leading edges are now elsewhere; in Innovation in Economics: Missing Pieces.
Divided between 2-parts you'll find sixty data intensive figures supported by one
hundred pages of explanatory text; none of whose original research, or data, derives
from academe but all of which is derived from resources academia has missed. This
scientific foundation allows it to be described as the Principia of Economic Growth.
