000			03216cam a2200277 i 4500
001			11452
003			IN-BhIIT
005			20260529155811.0
008			180430t20182018nju b 001 0 eng d
020			_a9780691175034 (hbk.)
040			_aIN-BhIIT
041			_aeng
082	0	4	_a338.5 _bHAS/C
100	1		_aHaskel, Jonathan, _eAuthor. _927889
245	1	0	_aCapitalism without capital : _bthe rise of the intangible economy / _cJonathan Haskel and Stian Westlake.
260			_aNew Jersy : _bPrinceton Univerisity Press, _c2018.
300			_ax, 278 pages : _bill. ; _c24 cm
504			_aIncludes bibliographical references and index.
505	0		_aIntroduction -- Part I. The rise of the intangible economy : Capital's vanishing act -- How to measure intangible investment -- What's different about intangible investment?: The four S's of intangibles -- Part II. The consequences of the rise of the intangible economy : Intangibles, investment, productivity, and secular stagnation -- Intangibles and the rise of inequality -- Infrastructure for intangibles, and intangible infrastructure -- The challenge of financing an intangible economy -- Competing, managing, and investing in the intangible economy -- Public policy in an intangible economy : five hard questions -- Summary, conclusion, and the way ahead.
520			_a"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, R & D, and 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."--Jacket flap.
650		0	_aIntangible property _xEconomic aspects. _927890
650		0	_aEconomic forecasting. _91269
650		7	_aCapitalism _xForecasting. _927891
700	1		_aWestlake, Stian, _eJoint author. _927892
942			_cGEN
999			_c15450 _d15450