Capitalism without Capital
Capitalism without Capital Early in the twenty-first century, a quiet revolution occurred. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly…
Specifikacia Capitalism without Capital
Capitalism without Capital
Early in the twenty-first century, a quiet revolution occurred. 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. 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.
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. But this is not just a familiar story of the so-called new economy. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally
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