Capitalism Without Capital

Capitalism without Capital delves into the transformative influence of the intangible economy, where investments in assets like design, branding, and R&D now surpass those in tangible goods. Authors Jonathan Haskel and Stian Westlake analyze the ramifications of this shift, linking intangible assets to pressing economic issues, including inequality and stagnating productivity. Drawing on a decade of research, they measure these investments across nations and discuss the distinct characteristics of an intangible-rich economy. The audiobook concludes by exploring potential futures and offering strategies for managers, investors, and policymakers to thrive in this evolving landscape.