ABSTRACT
Transition periods were characterized by the paradox of rapidly expanding economy and growing income inequality—the paradox that bedevils us now. And so, while authors cannot yet say what the future will be like, they can with very high probability, discern its main and most important features, and some of its main and most important challenges. The first thing to say may well be that—again contrary to what most everybody believes—it will not be a future of expanding, free markets as authors have understood free markets, that is, as markets for the exchange of goods and services. On the contrary, those markets may well shrink, if only because the growth sectors of tomorrow’s society are surely going to be two knowledge areas, health care and education, neither of which has ever been, or will ever be, a truly free market.
