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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Our economy’s focus is increasingly shifting from physical assets to intangible assets now.
Chapter 3: The shift toward an intangible economy is evident now, though it has only been documented quite recently indeed.
Chapter 4: Intangible assets scale massively, meaning we must get used to some companies growing extremely big, extremely rapidly these days.
Chapter 5: Intangible investments are sunk costs, which have financing implications and may worsen future financial crashes for investors.
Chapter 6: Spillover effects, where firms benefit from other companies’ ideas, are becoming increasingly common today.
Chapter 7: In an intangible economy, ideas can merge, generating valuable synergies and novel ways of doing things everywhere.
Chapter 8: The growth of the intangible economy is worsening economic inequality today.
Chapter 9: The ascent of the intangible economy demands fresh thinking about education and finance.
Chapter 10: Public investment in research and development will yield rising benefits in an intangible economy.
Description
Capitalism Without Capital (2017) is an account of the growing importance of the intangible economy. Today, for the first time, most developed economies are investing less in tangible, physical assets such as machinery and factories, than in intangible assets such as software, research and development capability. These intangibles are hugely valuable but do not exist in physical form. The blinks ahead explore the nature of this trend, as well as its effects on business, the economy and public policy.
Who Should Listen
- Anyone interested in business and investment
- Economists
- Those seeking to understand the sudden rise of behemoths like Apple and Google