Capitalism Without Capital: The Rise of the Intangible Economy

Review ------ "A must-read for anyone concerned about how to revive the growth of living standards."--Robert Peston, author of How Do We Fix This Mess?: The Economic Price of Having It All and the Route to Lasting Prosperity

"On almost every page of this book I found myself going 'Oh, now I understand' or 'Yes, I never looked at it that way.' Capitalism without Capital is highly original and illuminating. It has changed the way I look at things."--Daniel Finkelstein, The Times columnist

"This book shines a wonderful spotlight on the hidden capital that influences our world--measuring and understanding it is a top priority."--William R. Kerr, Harvard Business School

"With an impressive breadth of topics, this thorough book takes a compelling look at the importance of intangible capital. Arguing that it offers an invaluable lens to view modern, dynamic innovative economies, the framework that Haskel and Westlake set forth is useful, inful, and indispensable."--Carol Corrado, The Conference Board

"The nineteenth- and twentieth-century world where capitalists owned factories and workers supplied labor has ended. In this book, Haskel and Westlake explain with fascinating examples how business assets today are mostly intangible and how this changes everything we know about business--corporate strategy, accounting, leadership, and industrial strategy. Whether you are a customer, investor, manager, employee, or politician, you will gain new ins from this tour de force."--John Kay, author of Other People's Money

"This fascinating book examines an important but overlooked subject--the intangible nature of capital and activity in the modern economy. The transformation of the intangible economy has rarely been pointed out, and its implications are not much understood or discussed. There are no other books similar to this one."Diane Coyle, author of GDP: A Brief but Affectionate History

"One of Blackwell's Best of Non-Fiction 2017"

"Selected for Askblog's Books of the year 2017, chosen by Arnold Kling" --Diane Coyle "Economist Jonathan Haskel and UK government adviser Stian Westlake describe in an entertaining and engaging way why governments need to count innovation as an engine of profit."- --Ehsan Masood, Nature The portion of the world's economy that doesn't fit the old model just keeps getting larger. That has major implications for everything from tax law to economic policy to which cities thrive and which cities fall behind, but in general, the rules that govern the economy haven t kept up. This is one of the biggest trends in the global economy that isn t getting enough attention. If you want to understand why this matters, the brilliant new book Capitalism Without Capital by Jonathan Haskel and Stian Westlake is about a good an explanation as I ve seen. --Bill Gates From the Back Cover ------------------- "The nineteenth- and twentieth-century world where capitalists owned factories and workers supplied labor has ended. In this book, Haskel and Westlake explain with fascinating examples how business assets today are mostly intangible and how this changes everything we know about business--corporate strategy, accounting, leadership, and industrial strategy. Whether you are a customer, investor, manager, employee, or politician, you will gain new ins from this tour de force."--John Kay, author of Other People's Money "A must-read for anyone concerned about how to revive the growth of living standards."--Robert Peston, author of How Do We Fix This Mess?: The Economic Price of Having It All and the Route to Lasting Prosperity "On almost every page of this book I found myself going 'Oh, now I understand' or 'Yes, I never looked at it that way.' Capitalism without Capital is highly original and illuminating. It has changed the way I look at things."--Daniel Finkelstein, The Times columnist "This book shines a wonderful spotlight on the hidden capital that influences our world--measuring and understanding it is a top priority."--William R. Kerr, Harvard Business School "This fascinating book examines an important but overlooked subject--the intangible nature of capital and activity in the modern economy. The transformation of the intangible economy has rarely been pointed out, and its implications are not much understood or discussed. There are no other books similar to this one."--Diane Coyle, author of GDP: A Brief but Affectionate History "With an impressive breadth of topics, this thorough book takes a compelling look at the importance of intangible capital. Arguing that it offers an invaluable lens to view modern, dynamic innovative economies, the framework that Haskel and Westlake set forth is useful, inful, and indispensable."--Carol Corrado, The Conference Board

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