Noonomy explores the effect of modern technological shifts on human society. The author shows that technologies are about to undergo qualitative changes which will create new opportunities for personal development and the satisfaction of wants and, simultaneously, engender risks associated with growth opportunities of human interference with nature and technogenic stress on the environment. Based on the study of cutting-edge technologies and resulting socioeconomic shifts, Bodrunov makes the conclusion about the upcoming civilizational crisis. The crisis can be overcome through the formation of a new industrial society of the second generation reliant on knowledge-intensive material production and gradual removal of humans from immediate material production processes. These two trends can fully develop only subject to the transition from the current socioeconomic formation to a non-economic one–the noonomy.

Sergey Bodrunov, Doctor of Economics, Professor, Corresponding Member of the Russian Academy of Sciences. Author of more than 1000 scientific works, including more than 35 monographs. President of the Free Economic Society of Russia, President of the International Union of Economists, Director of the S. Y. Witte Institute for New Industrial Development. Author of the New Industrial Society of the Second Generation (NIS.2) concept and the theory of Noonomy. Dr. Bodrunov’s book Noonomy was granted “The Distinguished Achievement Award in Political Economy for the 21 Century” by the World Association for Political Economy (WAPE).