Research Catalog

Title

Capitalism without capital : the rise of the intangible economy / Jonathan Haskel and Stian Westlake.

Author

Haskel, Jonathan

Publication

• Princeton, New Jersey : Princeton University Press, [2018]
• ©2018

Items in the Library & Off-site

Holdings

Details

Additional Authors

Westlake, Stian

Description

x, 278 pages : illustrations, charts; 25 cm

Summary

"Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, R & D, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, from tech firms and pharma companies to coffee shops and gyms, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the big economic changes of the last decade. The rise of intangible investment is, Jonathan Haskel and Stian Westlake argue, an underappreciated cause of phenomena from economic inequality to stagnating productivity. Haskel and Westlake bring together a decade of research on how to measure intangible investment and its impact on national accounts, showing the amount different countries invest in intangibles, how this has changed over time, and the latest thinking on how to assess this. They explore the unusual economic characteristics of intangible investment, and discuss how these features make an intangible-rich economy fundamentally different from one based on tangibles. Capitalism without Capital concludes by presenting three possible scenarios for what the future of an intangible world might be like, and by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies."--Jacket flap.

Subject

• Intangible property > Economic aspects
• Capitalism > Forecasting
• Economic forecasting
• Kapitalismus
• Kapital
• Geistiges Eigentum

Bibliography (note)

• Includes bibliographical references (pages 243-265) and index.

Contents

Introduction -- Part I. The rise of the intangible economy : Capital's vanishing act -- How to measure intangible investment -- What's different about intangible investment?: The four S's of intangibles -- Part II. The consequences of the rise of the intangible economy : Intangibles, investment, productivity, and secular stagnation -- Intangibles and the rise of inequality -- Infrastructure for intangibles, and intangible infrastructure -- The challenge of financing an intangible economy -- Competing, managing, and investing in the intangible economy -- Public policy in an intangible economy : five hard questions -- Summary, conclusion, and the way ahead.

Call Number

HF5681.I55

ISBN

• 9780691175034
• 0691175039

LCCN

99974701272

OCLC

• 983824514
• 983824514

Author

Haskel, Jonathan, author.

Title

Capitalism without capital : the rise of the intangible economy / Jonathan Haskel and Stian Westlake.

Publisher

Princeton, New Jersey : Princeton University Press, [2018]

Copyright Date

©2018

Type of Content

text

Type of Medium

unmediated

Type of Carrier

volume

Bibliography

Includes bibliographical references (pages 243-265) and index.

Added Author

Westlake, Stian, author.

Other Standard Identifier

99974701272

Research Call Number

*R-SIBL HF5681.I55 .H37