There is no doubt that in the EU and the USA, engineering education has completely lost its previous prestige. The finest youths have shifted away from aspiring to become engineers towards aspiring to become professional economists and businessmen. It has been forgotten that the enterprises for machines, which are best understood by engineers, are the backbone of every national economy. Furthermore, the lack of human capital capable of managing their economy efficiently, as well as supporting their internal activities, will lead not only to us observing a shift of the finest youths steering away from engineering but also a shift away from a sustainable economic future. This paper presents a new approach that will bring back the previous and welldeserved prestige of the all-important engineering education, a prestige connected to the names of Henry Towne, Frederick Taylor, William Deming, and all the engineers responsible for the three engineering waves in the development of the fundamental scientific knowledge of economy. However, we find ourselves on the brink of a fourth engineering wave in the development of the fundamental scientific knowledge of economy. A wave connected to the Bulgarian-based Institute for Systemic Economic Engineering, which has successfully developed а systemic universal model of the enterprise for machines, a model widely thought to be impossible to develop, but if developed successfully, would bring economic changes equal to the combined magnitude of the economic changes brought by all the previous engineering waves and would form a new type of professional defined by the term “systemic economic engineers”.