Capitalism without capital is split into two parts with the first titles the rise of the intangible economy the author details how a simple business like a gym has morphed in how it adds value from a business which provided capital to one that effectively provides a coordinated service. 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. In capitalism without capital haskel and westlake examine the key characteristics of intangible investments including scalability sunk costs spillover effects and synergies capitalism without capital is an essential introduction to an important and often overlooked driver of the modern economy. Capitalism without capital the rise of the intangible economy by jonathan haskel and stian westlake is an interesting book about the nature of intangible investments and the growing importance of them in modern economics. Estimate intangible investment across the economy using surveys existing data series and triangulation a funny thing happened on the way to the future and so the intangibles research program developed in 2005 cor capitalism without capital the rise of the intangible economy chapter 1
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