Capitalism Without Capital: The Rise of the Intangible Economy

By Jonathan Haskel & Stian Westlake
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"Capitalism Without Capital" by Jonathan Haskel and Stian Westlake offers a fresh perspective on the modern economy. In this insightful book, the authors argue that intangible assets, such as knowledge, software, brand reputation, and networks, have become the driving force behind economic growth and innovation. They explore the rise of the intangible economy and the challenges it poses for traditional economic measurement and policy-making.

Drawing on extensive research and case studies, Haskel and Westlake demonstrate how intangible assets have transformed industries and shifted the balance of power in the marketplace. They discuss the implications for firms, investors, workers, and governments, providing practical strategies for navigating this new economic landscape.

The authors also examine the consequences of the intangible economy for inequality, productivity, and competition. They highlight the need for updated economic models, measurement tools, and policy frameworks that can effectively capture and support intangible investment.

"Capitalism Without Capital" is a thought-provoking book that challenges our understanding of economic growth and offers valuable insights into the intangible assets that shape our world. With its concise and accessible writing style, this book is essential reading for anyone interested in the future of capitalism and the intangible economy.
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