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.
Type: BOOK - Published: 2018-10-16 - Publisher: Princeton University Press
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
Type: BOOK - Published: 2022-05-13T22:59:00Z - Publisher: Everest Media LLC
Please note: This is a companion version & not the original book. Sample Book Insights: #1 The change in investment is not primarily about information technology. It is about the rise of intangible investment, in ideas, knowledge, aesthetic content, software, brands, and networks and relationships. #2 Gyms are a great
Type: BOOK - Published: 2018-12-08 - Publisher: Independently Published
Capitalism without Capital is an account of the growing importance of the intangible economy. Today, for the first time, most developed economies are investing less in tangible, physical assets such as machinery and factories, than in intangible assets such as software, research and development capability. These intangibles are hugely valuable
Authors: Gil Eyal, Iván Szelényi, Eleanor R. Townsley
Categories: Political Science
Type: BOOK - Published: 2000 - Publisher: Verso
Making Capitalism without Capitalists guides us towards a deeper understanding of the origins of modern capitalism. Classical social theory in its search for the genesis of capitalism explored the process of transition from feudalism to capitalism. Making Capitalism without Capitalists focuses instead on the transition from socialism to capitalism, where
Type: BOOK - Published: 2022-03-22 - Publisher: Princeton University Press
From the acclaimed authors of Capitalism without Capital, radical ideas for restoring prosperity in today’s intangible economy The past two decades have witnessed sluggish economic growth, mounting inequality, dysfunctional competition, and a host of other ills that have left people wondering what has happened to the future they were promised.