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The Future of Markets
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The case for the market economy has three pillars – the role of prices, as signals, the role of markets as a process of discovery, and the need to restrict the rent-seeking which arises from the concentration of economic power.
Eric K. Clemons Faculty Profile - The Wharton School of the University of Pennsylvania
Eric K. Clemons
Professor of Operations and Information Management and Management
PhD, Cornell University, 1976; MS, Cornell University, 1974; SB, Massachusetts Institute of Technology, 1970
IBM Press room - 2008-11-25 IBM Reveals Five Innovations That Will Change Our Lives in the Next Five Years - United States
ARMONK, NY - 25 Nov 2008: Unveiled today, the third annual "IBM Next Five in Five" is a list of innovations that have the potential to change the way people work, live and play over the next five years:
* Energy saving solar technology will be built into asphalt, paint and windows
* You will have a crystal ball for your health
* You will talk to the Web . . . and the Web will talk back
* You will have your own digital shopping assistants
* Forgetting will become a distant memory
Ten Forecasts for 2009 and Beyond
Forecast # 1: Everything you say and do will be recorded by 2030. By the late 2010s, ubiquitous unseen nanodevices will provide seamless communication and surveillance among all people everywhere. Humans will have nanoimplants, facilitating interaction in an omnipresent network. Everyone will have a unique Internet Protocol (IP) address. Since nano storage capacity is almost limitless, all conversation and activity will be recorded and recoverable. — Gene Stephens, “Cybercrime in the Year 2025,” THE FUTURIST July-Aug 2008.
Ten New Gurus | DavidCrow.ca
Ten New Gurus
FT.com / Comment & analysis / Comment - America will find opportunity in scarcity
The potential for ingenuity and entrepreneurship remains high but, in recent years, it has not received the support needed. US federal spending on research and development – such as funding for the National Science Foundation – has fallen over the past eight years. This has been driven by the belief that seedcorn investment by government does not work. The fact that the internet, a big motor of prosperity and job creation, began as a government-funded research project seems to have been forgotten.
We now need to encourage investment in new high-technology industries such as clean energy and environmental technology. These are sectors where we have lacked political leadership not just recently but for decades. We need urgently to find alternatives to fossil fuels, invest in a smart electricity grid and make our cars, our homes and our offices more efficient. Rising unemployment should also force us to look to the environmental sector, where it is estimated that an extra 2m-3m well-paid, high-tech jobs could be created by 2030. These green jobs have the potential to create tremendous economic opportunities.
We will not, however be able to grasp these opportunities unless our children are equipped with the mathematics and science skills needed to compete in a global marketplace. We need, too, to close the digital divide. The US ranks only 15th in the world in broadband access, with 45m adults without it at home. The next president must make a top priority of building this 21st century infrastructure, much as president Dwight D. Eisenhower saw the interstate highway system as vital to the nation’s economic growth in the mid-20th century.
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