
Capitalism without Capital
The Rise of the Intangible Economy
Princeton University Press
Published on 16. October 2018
Book
Paperback/Softback
296 pages
978-0-691-18329-9 (ISBN)
Description
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.
Reviews / Votes
"One of the Economist.com "Wise Words 2017 Books of the Year" in Economics and Business" "One of Blackwell's Best of Non-Fiction 2017" "One of Financial Times (FT.com) Best Books of 2017: Economics" "Selected for Askblog's Books of the year 2017, chosen by Arnold Kling"More details
Language
English
Place of publication
New Jersey
United States
Target group
College/higher education
Product notice
Paperback (trade)
Illustrations
30 b/w illus., 2 tables
Dimensions
Height: 203 mm
Width: 134 mm
Thickness: 22 mm
Weight
284 gr
ISBN-13
978-0-691-18329-9 (9780691183299)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

E-Book
09/2018
1st Edition
Princeton University Press
€18.49
Available for download
Persons
Jonathan Haskel is professor of economics at Imperial College Business School. Stian Westlake is advisor to the UK Minister of Science and Innovation. Haskel and Westlake were cowinners of the 2017 Indigo Prize.