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Capitalism without Capital
The Rise of the Intangible Economy
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Artikel-Nr:
9780691175034
Veröffentl:
2017
Erscheinungsdatum:
28.11.2017
Seiten:
288
Autor:
Jonathan Haskel
Gewicht:
611 g
Format:
246x161x32 mm
Sprache:
Deutsch
Beschreibung:
Jonathan Haskel is professor of economics at Imperial College London. Stian Westlake is a senior fellow at Nesta, the UK's national foundation for innovation.
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, or 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.