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By John B. Mahaffie
John B. Mahaffie is cofounder and principal, Leading Futurists LLC. He is a futurist who speaks, writes, and consults with organizations on how to understand and succeed as our society and our world change.
As the United States’ founders declared independence, Adam Smith’s Wealth of Nations (1776) established an orthodoxy in economics: production is based on the application of land, labor, and capital. That model held up well for two centuries. But the Digital Revolution has begun to transform how production happens. It’s time to consider each factor of production with fresh eyes. What could be true in 2033?