This monograph book documents the foundation of state governance, politics, economy, education and society in Ethiopia in the period between 1991 and 2020. Narratives made in the book are organized into Six (6) parts. Within the domain of the six sections, there are thirty (30) chapters structured on diverse themes: politics, economy, ideology, philosophy, lifestyle, history and education. The first Section depicts on local and global contexts having great deal of importance in shaping the order of state politics and governance in Ethiopia from 1991-2018. At the heart of narratives were the concept of revolutionary democracy and developmental state paradigm. Moreover, local and global dynamics in the spheres of politics, economy and security was addressed in line with importance to the theory and practices of revolutionary democratic rule in Ethiopia. The next four sections (section two to five) of this book infer on the backdrop of change in the system of political and economic governance in Ethiopia in the post-2018 period. In this regard, dynamics from dominant rhetoric in state politics, development policy, ideology and international relations is explored. As such, emerging thoughts grabbing the world which prefer unilateral actions to collective action & cooperation on global causes was examined. The role of nationalist forces and anti-establishment camp evolving in Europe and America to the peace and wellbeing of the world investigated. Moreover, a change in global development discourse in the mentioned period - which has brought concepts like wellbeing, happiness and prosperity -was glimpsed. Therefore, the essence of prosperity discussed; the basic tenets (principles) of prosperity also formulated; the concept of individualism in the context of prosperity hypothesized; an ideal lifestyle & shared value system that ought to define the fabrics of communities (in all departments of life) to achieve collective was formulated and suggested. The book also contextualized prosperity concept to the foundations of state and society in Ethiopia. In this regard the political transformation underway in Ethiopia since April 2018, which is led by Prime Minister Abiy Ahmed Ali (PhD), is examined. A particular emphasis was an inquiry into the new change in the national vision of the country to making Ethiopia Africa's Beacon of Prosperity. The leadership personality of Nobel Peace Prize Winning Prime Minister of Ethiopia was also depicted. As a derivative of prosperity concept, the leadership philosophy of Dr. Abiy Ahmed, which is MEDEMER (Synergy), is characterized and evaluated from ideological and practical perspectives with experiences in the past three years presented to corroborate inferences. The book further made a probe into the role of education, research and development policies to achieve collective prosperity in the context of Ethiopia. To that end, reinventing the way knowledge is produced, exchanged and disseminated was fore fronted, proposing a well-oiled platform for a better knowledge management system in the higher education institutes in Ethiopia. The essence of context based development policies to achieve collective prosperity was also examined. Under the Sixth section of book, suggestive note on the future of Ethiopian society forwarded. Hence, a methodic inquiry made on how narratives on key aspects of political economy - like history, politics, economy, education and security - shaped the fabrics of Ethiopian society in the past and at present. As such, the necessary updates over the dominant narratives so as to realize a prosperous Ethiopia recommended. The book concludes by reflecting on the prospective face of Ethiopia with due emphasis given to the country's glorious past as a springboard for a sanguine tomorrow.