In the twenty‐first century, the forces of information technology, markets and globalization will continue to be felt and will bring about both positive and negative effects. The past century saw these forces contribute to the wealth of nations but the greatest challenge for economists in the next century and more is to understand how these forces can bring about the wealth of the world, built around the concept of sustainability (with its four pillars of economic efficiency, social equity, ecological balance, and democratic governance). This article sets an ambitious agenda for economic research along four lines: socio‐economics, mesoeconomics, technoeconomics, and foresight.
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