Capitalism without Capital

Zusatztext "Selected for Askblog’s Books of the year 2017, chosen by Arnold Kling" Informationen zum Autor Jonathan Haskel & Stian Westlake Klappentext 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. Zusammenfassung Selected for Askblog's Books of the year 2017, chosen by Arnold Kling One of Financial Times (FT.com) Best Books of 2017: Economics One of the Economist.com "Wise Words 2017 Books of the Year" in Economics and Business One of Blackwell's Best of Non-Fiction 2017

Product details

• Authors: , Jonathan Haskel, Jonathan Westlake Haskel, Haskel Jonathan, Stian Westlake, Westlake Stian
• Publisher: Princeton University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 11.09.2018
• EAN: 9780691183299
• ISBN: 978-0-691-18329-9
• No. of pages: 296
• Dimensions: 135 mm x 203 mm x 22 mm
• Subjects: Social sciences, law, business > Business > Management; Economics, BUSINESS & ECONOMICS / Organizational Behavior, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Development / Business Development, Economic history, Business innovation, Organizational theory & behaviour, business strategy, Organizational theory and behaviour, BUSINESS & ECONOMICS / Free Enterprise & Capitalism, Research and development management