Idea becomes Invention. Innovation becomes Economic Growth,
The Economics of an Idea, where
How? requires (a) a rigorous economic definition of innovation and (b) enumerations
of innovations, from such definition, providing a clear accountable path to GDP within
a National Accounting-compatible framework.
There is good reason why neither (a) nor (b) are found in current economic discourse.
Firstly (a) is considered impossible. This view reveals a simple truth; the declarer
doesn't know how and concludes that nobody else will know how either.
Secondly, economists continue to believe that a tweak in 'Total Factor Productivity'
will emerge to do the job while, by definition, 'Total Factor Productivity' cannot do it.
How has Techmatt succeeded in the face of such opinion? It is independenly derived.
Techmatt originates from tacit knowledge unknown to those who do not practice it.
It was developed episodically under commercial rules of non-disclosure and not under
academic freedoms to publish and teach. Moreover its database is filled with actuality
not otherwise available to outsiders.
Techmatt came into the public domain in 2018. You can take advantage of what it
offers in 8-Steps. Follow these 8-Steps from the 8-Steps tab above or download,
study and digest the 100 pages of tacit knowledge now made public,
