{"product_id":"capitalism-without-capital-the-rise-of-the-intangible-economy-9780691183299","title":"Capitalism Without Capital: The Rise of the Intangible Economy","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. \u003ci\u003eCapitalism without Capital\u003c\/i\u003e 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. \u003ci\u003eCapitalism without Capital\u003c\/i\u003e concludes 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\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eJonathan Haskel\u003c\/b\u003e is professor of economics at Imperial College Business School. \u003cb\u003eStian Westlake\u003c\/b\u003e is advisor to the UK Minister of Science and Innovation. Haskel and Westlake were cowinners of the 2017 Indigo Prize.\u003cbr\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":50626566226194,"sku":"9780691183299","price":13.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_d5dd445d-9124-4dc5-8cdb-3a248bd4f0fb.jpg?v=1732661553","url":"https:\/\/surprise-castle.myshopify.com\/products\/capitalism-without-capital-the-rise-of-the-intangible-economy-9780691183299","provider":"Surprise Castle","version":"1.0","type":"link"}