Capitalism without Capital: The Rise of the Intangible Economy.

Beschreibung

PAPERBACK, cover price $18.95, fresh attractive copy, appears unused. HASKEL, JONATHAN / WESTLAKE, STIAN. Capitalism without Capital: The Rise of the Intangible Economy. Princeton, NJ: Princeton University Press, 2018, later paperback printing, xiii, 278pp., . The first comprehensive account of the growing dominance of the intangible economyEarly 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. - CONTENTS: Preface to the paperback edition - 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. ISBN 9780691183299 10.00.

Bestandsnummer des Verkäufers 501144

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Bibliografische Details

Titel

Capitalism without Capital: The Rise of the Intangible Economy.

Verlag

Princeton University Press, Princeton, NJ

Erscheinungsjahr

2018

Sprache

Englisch

ISBN-10

0691183295

ISBN-13

9780691183299

Einband

paperback

Zustand

Near Fine

Gewicht

10 Unzen

Verkäuferkataloge

• Economics-Theory-and-History

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