The Proceedings of Design & Systems Conference
Online ISSN : 2424-3078
2005.15
Session ID : 1501
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1501 Creating Value in an Age of Wisdom : Market Economy is No Longer Effective
Shuichi FUKUDA
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CONFERENCE PROCEEDINGS FREE ACCESS

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Abstract
It is pointed out that market economy observed in the 20^<th> century will no longer be effective and new one to one market will appear in the 21^<st> century, i.e. in an age of wisdom. Products will no longer be evaluated by their final performances alone because diversification will grow so quickly that each product will be evaluated based upon its individual characteristics such as how it is produced. The processes will be an important factor for value in the age of wisdom.
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© 2005 The Japan Society of Mechanical Engineers
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