Capitalism without capital : the rise of the intangible economy

Haskel, Jonathan author, Westlake, Stian author

Overview

\"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, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, 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 larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies\"--Page 4 of cover.

• Publisher: Princeton University Press
• Subject: Intangible property Economic aspects / Capitalism Forecasting / Economic forecasting
• ISBN: 9780691183299, 0691183295, 9780691175034, 0691175039

Item info:

1 item available

1 item total in all locations

Holdings :

Call Number	Copies	Material	Location
HF 5681 .I55 H37 2018	1	BOOK	AUTOSTORE