Introduction MELF Equation Macro Metrics Micro Metrics Beyond GDP How To Access Acknowledgements About Us
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Business Innovation Economics
Key Influences include, • Harvard economist Zvi Griliches (1930-1999) had exhorted colleagues to seek more and better data through his seminal paper ‘Productivity Puzzles and R&D: Another Non-explanation’ and in his American Economic Association Presidential Address ‘Productivity, R&D and the Data Constraint’. He knew what had to be explained but did not have the means. To him and Nebojsa Nakicenovic I dedicate my five decade enabling database dubbed DINTEC™ (Data on INnovation TEchnology and EConomics). If he hadn’t been thwarted by systemic lack of data, Zvi would no doubt have discovered how to revolutionize the hedonic equation, whose limitations he recognized, many years ago. • Energy economist Nebojsa Nakicenovic, of the International Institute of Applied Systems Analysis, whose peer review of my 1993 paper 'A Theory of Technological Progress', and our subsequent correspondence, primed me to take Griliches's data pleas more literally than others have. •The MELF equation is named for the Macroscope and recognizes a new way of observing economic data conceived within Industry Studies by Ralph E. Gomory, former Director of Research at IBM, when President of the Sloan Foundation in 2005. • Richard N. Foster, former Director of McKinsey & Co., shared his research for the seminal book ‘Innovation’, whose S-curve data was absolutely crucial for validating the MELF.
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