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Innovation in Economics
It's obvious the New Economy is driven by innovation. But Economics has never enumerated innovation, despite trying in 2008. Meanwhile business shelters a gigantic reservoir of data and tacit know-how that it can formalize far more easily than can ever be achieved by outsiders on a campus. This is now available from an incubation that dates from the 1980s. It provides what is otherwise missing from traditional Economics, including 1. a rigorous identification of innovation as the primary source of economic growth, leading to 2. reliable new analytic tools capable of benefiting many innovative applications that are currently in want of them, including those left hanging by Commerce's 'Measuring Innovation in the 21st Century Economy' report from 2008. All of this is contained and explained in the 2018 book 'Innovation in Economics: Missing Pieces' with copies available through dialog with Chris Farrell. Your next step of interest is to contact him and start that dialog.
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