LEADER 00000nam 2200313 i 4500 001 sky290069122 003 SKY 005 20180302070825.0 008 171002s2018 njua e 000|0|eng|d 010 bl2017036956 015 GBB7J1618|2bnb 020 9780691175034 020 0691175039 040 StDuBDS|beng|erda|cStDuBDS|dSKYRV|dUtOrBLW 092 330.9172208|bHAS 100 1 Haskel, Jonathan,|eauthor. 245 10 Capitalism without capital :|bthe rise of the intangible economy /|cJonathan Haskel, Stian Westlake. 264 1 Princeton :|bPrinceton University Press,|c2018. 300 x, 278 pages :|billustrations (black and white) ;|c24 cm. 336 text|2rdacontent 336 still image|2rdacontent 337 unmediated|2rdamedia 338 volume|2rdacarrier 520 The first comprehensive account of the growing dominance of the intangible economy 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. 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. 650 0 Intangible property|xEconomic aspects. 651 0 Developed countries|xEconomic conditions|y21st century. 700 1 Westlake, Stian,|eauthor.
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