The New Equation
Innovation in Economics: Missing Pieces
A New Equation makes possible what previously wasn't - Its discovery - arising from an analogy between creative destruction for money in an economy and species competition for food in nature - powers the enumeration of absolute product advantage in markets. When integrated with S-Curves - Verifies the equation's ability to quantify product performance (known as 'quality' in Economics) from price in a dozen varied commercial instances where performance is known or can be reliably judged. It is universal in outperforming hedonics.