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    Capitalism Without Capital: The Rise of the Intangible Economy
    Capitalism Without Capital: The Rise of the Intangible Economy
    Capitalism Without Capital: The Rise of the Intangible Economy
    Audiobook8 hours

    Capitalism Without Capital: The Rise of the Intangible Economy

    Written by Jonathan Haskel and Stian Westlake

    Narrated by Derek Perkins

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    About this audiobook

    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, RD, 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. 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.
    LanguageEnglish
    PublisherRecorded Books, Inc.
    Release dateDec 15, 2017
    ISBN9781501978128

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    Reviews for Capitalism Without Capital

    4/5

    71 ratings5 reviews

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    • 4/5
      This book has been both informative and enlightening.

      Intangibles are an area I have not paid much attention to until now but this book has shown me that it presents massive investment opportunity and challenges for governments, businesses, investors and accountants.

      I found a lot of the examples and analogies a bit hard to follow or relate to intangibles at times but the research and main points of the authors were clear.
    • 4/5
      The point of the book is about the intengible capital of the today market, and as it grows it has to be considered to get the right view of the economy and business
    • 4/5
      A thought provoking book on the changing nature of companies and innovation, where intangibles and networks are gaining in value in comparison with 'real' assets like land, buildings, and so on.
    • 4/5
      Methodically progressing to its conclusion - policy recommendations for fostering the intangible economy. I can't find a fault with it. It tries to limit itself to what can be argued with facts so it doesn't propose many explanatory theories making it less thought provoking and more explanatory. No controversy here.
    • 2/5
      I skimmed it. It embodies many of the characteristic vices of the magazine article padded into book genre...