Capitalism without Capital (eBook)

The Rise of the Intangible Economy

Jonathan Haskel, Stian Westlake (Autoren)

eBook Download: EPUB

2017
288 Seiten
Princeton University Press (Verlag)
978-1-4008-8832-0 (ISBN)

Infos

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.

Autor

Jonathan Haskel is professor of economics at Imperial College Business School. Stian Westlake is a senior fellow at Nesta, the UK’s national foundation for innovation. Haskel and Westlake are cowinners of the 2017 Indigo Prize.

Produkt-Details

• Erscheint lt. Verlag: 7.11.2017
• Zusatzinfo: 1 halftone. 32 line illus. 2 tables.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: accountant • Accounting • Advertising • asset • balance sheet • Business Model • Calculation • Capital asset • Capital Gain • Capitalism • Capital services • Carillion • Collaboration • Competition • consumer • Consumption (Economics) • cost of equity • Customer • debt • Depreciation • Designer • developed country • dot-com bubble • Economic Growth • Economic Inequality • Economics • economist • economy • Emerging Technologies • Employment • Entrepreneurship • Equity (finance) • Equity Market • Expense • Finance • Financial innovation • Financial Services • Financial statement • financier • Funding • Globalization • government spending • Gym • HM Treasury • Incentive • income • Inflation • Infrastructure • Institution • institutional investor • Intangible asset • Intellectual Property • Investment • Investor • Knowledge Economy • Laggard • Manufacturing • Market (economics) • Marketing • Market Value • Microsoft • monetary policy • National Accounts • Option value (cost–benefit analysis) • Organization development • Output (economics) • Ownership • Patent Troll • Policy • Productivity • Profit (economics) • Public Company • Public sector • Real estate appraisal • Requirement • Research and Development • Retail • Scalability • Share Price • Speculation • startup company • Stock • Stock Market • Subsidy • Supply Chain • Supply (economics) • Tangible investment • Tax • Tax break • Tax Incidence • Taxpayer • Tax Rate • Technology • The Economist • The Wealth of Nations • Thomas Piketty • Total Factor Productivity • Uncertainty • Venture Capital • Wealth
• ISBN-10: 1-4008-8832-8 / 1400888328
• ISBN-13: 978-1-4008-8832-0 / 9781400888320