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Capitalism without Capital: The Rise of the Intangible Economy
Capitalism without Capital: The Rise of the Intangible Economy

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Manufacturer: Princeton University Press
Publisher: Princeton University Press
Author(s): Jonathan Haskel, Stian Westlake

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Product Description:
Binding: Paperback
EAN: 9780691183299
Edition: Reprint
ISBN: 0691183295
Item Dimensions: Array
Label: Princeton University Press
Languages: Array
Manufacturer: Princeton University Press
MPN: 43192-880519
Number Of Items: 1
Number Of Pages: 296
Publication Date: 2018-10-16
Publisher: Princeton University Press
Release Date: 2018-10-05
Studio: Princeton University Press
Editorial Review:
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, and software, than in tangible assets, like machinery, buildings, and computers. 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. 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 larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.
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