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Innovation in Economics

Business shelters a gigantic reservoir of data and tacit know-how on innovation, which it can formalize far more easily than can ever be achieved by outsiders on a campus or elsewhere. This knowledge has evolved slowly from a commercial desire to develop the mathematics of creative destruction for use in technology forecasting, an incubation that dates back to the 1980s and earlier but which now offers previously unthinkable future opportunity because of, 1. rigorous identification of innovation as the primary source of economic growth, leading to 2. reliable new analytic tools that are capable of benefiting many innovative applications (from commercial performance to quality in life) that are currently in want of them, including those left hanging by Commerce's 2008 'Measuring Innovation in the 21st Century Economy' report, The research monograph 'Innovation in Economics from Neglected Numbers' contains the supporting scholarship and is available in dialog with Chris Farrell. Your next step of interest is to contact Technology Matters.