Which economic model will be use in the world in 10 years?

Question

Do you think some day in the future someone discover a new economic model

Answer 1

There will have to be a model that addresses the externalities that we take for granted today. Currently, we as individuals and as participants in social organizations employ markets to establish prices on things that we can control and measure, but not on things we share like air, clean water, risk of disastrous failure of a facility that benefits us but would injure people far removed from ourselves.
Even phenomenon such as "good will" or trust among groups of people will be addressed since it is easy to exploit by entities that keep score solely on profit.
Moreover, as technology progresses, each person will have increased capacity to devastate their neighbors through intentional or thoughtless behaviors. Imagine when some day we all have fusion generators in our houses, or the capacity to create weapons that can wipe out city blocks?

The future models will address externalities such as risk and pollution out of necessity.

Answer 2

Capitalism with social safety nets of varying strength. Hopefuly using Government vouchers, instead of direct government administration, to put some market forces into social spending. Economic models will just keep evolving from the existing ones. No revolutionary changes. They never work.

Answer 3

I believe adam smith's model of capatlism will still exist if Bush can get out of office sooner and replace him with someone who will do more for the economy and not daddy's oil. Smith's Capatalism ideas had flourished through most of the 20th century and we need to resort to those plans.

Answer 4

Capitalism. There can be only so many "takers". "Givers" will only give to "takers" for a short period. Everyone should earn more than they can spend.