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Capitalism without Capital

By Jonathan Haskel

Product Image: Capitalism without Capital

Capitalism without Capital

Only 3 items left in stock
Description
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.
Product details
Binding:
Paperback
Edition:
illustrated
Number of Pages:
296
Release Date:
2018-10-16
Publication Date:
2018-10-16
Publisher:
Princeton University Press
Languages:
Original: English
ISBN10:
0691183295
ISBN13:
9780691183299
GPSR Manufacturer Reference:
[email protected]
Weight:
284 g
Height:
134 cm
Width:
203 cm
Thickness:
22 cm

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The items bear minimal signs of past use, such as light scratches or memories in the form of markings. These signs of wear give the items a charming character and tell stories of their previous owners, while not affecting their functionality.
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