Posts Tagged Future

The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future

What will the economy of the future look like?

Where will advancing technology, job automation, outsourcing and globalization lead?

Is it possible that accelerating computer technology was a primary cause of the current global economic crisis—and that even more disruptive impacts lie ahead?

This groundbreaking book by a Silicon Valley computer engineer and entrepreneur explores these questions and shows how accelerating technology is likely to have a highly disruptive influence on our economy in the near future—and may well already be a significant factor in the current global crisis.

THE LIGHTS IN THE TUNNEL employs a powerful thought experiment to explore the economy of the future. An imaginary “tunnel of lights” is used to visualize the economic implications of the new technologies that are likely to appear in the coming years and decades.

The book directly challenges nearly all conventional views of the future and illuminates the danger that lies ahead if we do not plan for the impact of rapidly advancing technology. It also offers unique insights into how technology will intertwine with globalization to shape the twenty-first century and explores ways in which the economic realities of the future might be leveraged to drive prosperity and to address global challenges such as poverty and climate change.

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The Economics of Enough: How to Run the Economy as If the Future Matters

The world’s leading economies are facing not just one but many crises. The financial meltdown may not be over, climate change threatens major global disruption, economic inequality has reached extremes not seen for a century, and government and business are widely distrusted. At the same time, many people regret the consumerism and social corrosion of modern life. What these crises have in common, Diane Coyle argues, is a reckless disregard for the future–especially in the way the economy is run. How can we achieve the financial growth we need today without sacrificing a decent future for our children, our societies, and our planet? How can we realize what Coyle calls “the Economics of Enough”?

Running the economy for tomorrow as well as today will require a wide range of policy changes. The top priority must be ensuring that we get a true picture of long-term economic prospects, with the development of official statistics on national wealth in its broadest sense, including natural and human resources. Saving and investment will need to be encouraged over current consumption. Above all, governments will need to engage citizens in a process of debate about the difficult choices that lie ahead and rebuild a shared commitment to the future of our societies.

Creating a sustainable economy–having enough to be happy without cheating the future–won’t be easy. But The Economics of Enough starts a profoundly important conversation about how we can begin–and the first steps we need to take.

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