Capitalism Without Capital The Rise of the Intangible Economy - Jonathan Haskel, Stian Westlake Audiobook
Language: EnglishKeywords: 
Capitlism
 Economics
 Theory
Shared by:JaceG
Written by ,
Read by Derek Perkins
Format: M4A
Bitrate: 64 Kbps
Unabridged
The first comprehensive account of the growing dominance of the intangible economy
Early in the 21st 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 intangible 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.
Capitalism without Capital concludes by presenting three possible scenarios for what the future of an intangible world might be like and by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.
Author bio: 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.
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| Creation Date: | Thu, 28 Mar 2019 18:09:41 +0000 |
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This post has 9 comments with rating of 1/5
March 28th, 2019
I Like the “intangible” bit, which may include looniness that enables such writers to publish books and influence softies.
March 28th, 2019
Logical Fallacies are intangible by nature. So I guess books published on the nature of logical fallacies are loony… that makes sense. So many pick and choose what logical fallacies to believe like someone who wants to believe in logic but doesn’t really practice it when it’s more convenient to believe in irrationality.
March 29th, 2019
“Capitalism Without Capital” was probably a catchier title than “Capitalism with more OpEx than there used to be”
March 29th, 2019
probably. The solution to industrialism (a cancer to capitalism) is a lot less centralized… but letting go of centralized organization is still too scary for most. But it would cut out all the operating costs of capitalism with centralized control. But true free market through decentralization is unacceptable to both socialists and industrialists. So they will continue to reject it and come up with crazy ideas until it happens…
March 30th, 2019
JaceG, I’m curious, are the authors capitalists or socialists?
March 30th, 2019
Most people see capitalism as industrialism actually is. This is common in most democratic nations. But one can actually have capitalism without industrialism. But this leads into decentralized capital distribution rather than relying on banks. This thought path is actually more free market economic thought which most capitalists don’t realize is more like capitalism for anarchists and negates the need for economic theories for control.
It sounds socialist to more industrial ideology. It took me ten years to find harmony with all of this. But it is neither as of how I was trained to think of both capitalism and socialism which I find were both taught to me through the lense of industrialism.
I would say if one leans more traditional conservative it will feel socialist. But if one leans liberal socialist this would feel too capitalist.
I like things that piss off both sides of mainstream debate.
I wouldn’t say I agree with the book completely. But I enjoy the perspective challenge. I lean way more decentralized in my philosophy personally. There are very few books on this in the economic topics…
March 31st, 2019
Sounds like you’ve had an interesting journey. I appreciate you sharing your perspective.
April 9th, 2019
Thanks you.
April 24th, 2024
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