This paper is an effort to discuss sharing in both the international community and among our domestic audience to exact active consideration for producing a new economic model, for which advocates may be found among trading partner nations and political leadership. We have proposed a new model called optimized sustainment based on PROUT. A linchpin of the logic of our framework suggests that the American system of government and political system allows for such free thinking. Governments have the primary purpose to optimize return on national resources. They have certain instruments at their disposal to accomplish this among different “brands” of governance.
While America has embraced individualism and free enterprise along with self-determination and private property ownership, these values may be preserved in many different forms. In our approach, it is our intention to preserve the best attributes and qualities of free enterprise and market driven regulation while addressing systemic weaknesses inherent in capitalism. To this end, we propose an algorithm and method to allow a panel of experts to determine which government solution is best given certain probabilities and impacts of risks to sustainability. We have implemented this ILOWA method as a hypothetical illustrative example.
|Keywords:||Collaboration, Sustainable Economic Model, Optimized Sustainment, ILOWA, fuzzy logic, decision making|
The International Journal of Social Sustainability in Economic, Social and Cultural Context, Volume 10, Issue 2, July 2015, pp.1-18. Article: Print (Spiral Bound). Article: Electronic (PDF File; 709.063KB).
Professor, Management Information Systems and Decision Sciences, Indiana University of Pennsylvania, Hooversville, PA, USA
Independent Journalist and Columnist for Examiner.com, Editorial, Association for Enterprise Integration, Arlington, Virginia, USA