{"product_id":"capitalism-without-capital-jonathan-haskel-9780691175034","title":"Capitalism Without Capital: The Rise of the Intangible Economy","description":"\u003cp\u003e\u003cb\u003eThe first comprehensive account of the growing dominance of the intangible economy\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eEarly 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\u0026amp;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. \u003cp\u003e\u003c\/p\u003eBut this is not just a familiar story of the so-called new economy. \u003ci\u003eCapitalism without Capital\u003c\/i\u003e 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. \u003cp\u003e\u003c\/p\u003eHaskel 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. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eCapitalism without Capital\u003c\/i\u003e 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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Jonathan Haskel, Stian Westlake\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0691175039\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780691175034\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/28\/2017\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 288\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.35lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.20w x 1.00d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eKirkus Reviews\u003c\/i\u003e 10\/15\/2017\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 05\/01\/2018","brand":"Jonathan Haskel","offers":[{"title":"Hardcover","offer_id":43925627044095,"sku":"9780691175034","price":39.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_002ea6b9-e32f-481a-8468-9cfd30f159d1.jpg?v=1681078392","url":"https:\/\/www.whiterainbookhouse.com\/products\/capitalism-without-capital-jonathan-haskel-9780691175034","provider":"WR Book House","version":"1.0","type":"link"}