Innovation, from a Laboratory Idea to GDP

Laws and Principia of Economic Growth

Understanding how an economy grows from ideas requires an economic measure of innovation that rises across a funnel from which economically viable objects will emerge on a commercially successful path to adoption within a National Accounting framework. This purposeful origin should constitute Growth Economics, but it doesn't. There are four reasons why Academic Economics has not achieved this; but they are not the subject of this short summary. Suffice to say that it has taken the input from diverse fields, some unknown to economists, to take the necessary leaps in understanding. These fields are, in fact, within the Innovation Professional's domain. By plumbing the depths of unique tacit knowledge available to us we have successfully identified four previously missing scientific laws that hold the keys to growth. The validity of these laws is upheld by their explanation of the fate of hundreds of goods that were once commonplace but exist no longer. Such extensive data on creative destruction has never been explored like this before. Our synthesis starts from laboratory experiments and ends in a geometric array of algebra that enumerates to GDP at its pinnacle. Its simplicity is so compelling as to constitute new Principia of Economic growth.