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010 _a 2021032785
020 _a9780691211589 (hardback)
020 _a0691211582 (hardback)
040 _aDLC
_beng
_cDLC
_erda
041 _aeng
042 _apcc
050 1 4 _aHF 5681
_bH349r 2022
082 0 0 _a338.5
100 1 _aHaskel, Jonathan E.,
_d1963-
_920835
245 1 0 _aRestarting the future :
_bhow to fix the intangible economy /
_cJonathan Haskel and Stian Westlake.
250 _a1st Edition.
264 1 _aPrinceton, New Jersey :
_bPrinceton University Press,
_c2022.
300 _axii, 303 pages :
_billustrations ;
_c23 cm
504 _aIncludes bibliographical references and index.
505 _aIntroduction: how to restart the century Part I. What's gone wrong, and why? The great economic disappointment The economic crisis is an intangibles crisis The intangibles crisis: institutional failture Part II. Fixing our changed economy "The progress of science and useful arts": reforming public investment and intellectual property Financial architecture: finance and monetary policy in an intangibles-rich economy Making cities work better Reducing dysfunctional competition Conclusion: restarting the future
520 _a"Restarting the Future argues that the big economic challenges facing the world are the result of our failure to deal with the implications of an economy dependent on knowledge, ideas and relationships. It examines why making this transition is so hard, and looks at ways forward in the fields of public policy, business and finance. The troubling state of rich-world economies (low productivity growth, high inequality, populist instability, climate crisis) is significantly the result of the troubled and incomplete shift to a new type of economy - specifically, the move from an economy dependent on tangible capital to one dependent on intangible capital. At the heart of the problem is a significant slowdown in the pace of intangible investment since the financial crisis. (There were some early signs of this at the time the authors were writing their previous book, Capitalism without Capital, but new data now makes the severity and persistence of this slowdown clear.) This slowdown has happened because we lack the right institutions and strategies to encourage intangible investment and channel it effectively. What is more, there are significant groups with an interest in stopping these new institutions emerging. Contrary to the dominant narrative that focuses on the tension between a successful, future-facing "elite" and a mass of low-status "left-behinds", the authors argue that many of the people and organisations with an interest in holding back the future are affluent and high-status, including affluent retirees, established financial institutions and graduate knowledge workers. Haskel & Westlake survey attempts to fix these institutional problems, explaining how they work in the context of the intangible economy, and what the upside to solving them might be. They describe interesting and topical policy experiments and business strategies (such as Preston's Local Economic Strategy, or topical new business models like WeWork and CloudKitchens) and set them in a novel economic context. (Specifically, these sections look at city policy, business finance and investment, public investment, competition policy, monetary policy, mitigating climate change and business strategies for tangible-based firms. The authors close the book with a political programme for how to get over the teething troubles of the new economy"--
_cProvided by publisher.
588 _aDescription based on print version record and CIP data provided by publisher; resource not viewed.
650 0 _aIntangible property
_xEconomic aspects.
650 4 _aBienes intangibles
_xAspectos económicos
_921607
650 0 _aIntellectual capital
_xManagement.
650 0 _aInvestments.
650 4 _aInversiones
_9862
650 0 _aBusiness planning.
650 4 _aPlanificación empresarial
_92610
650 0 _aOrganizational change.
650 4 _aCambio organizacional
_91976
700 1 _aWestlake, Stian
_920836
776 0 8 _iPrint version:
_aHaskel, Jonathan.
_tRestarting the future
_b1st Edition.
_dPrinceton, New Jersey : Princeton University Press, 2022
_z9780691211589
_w(DLC) 2021032784
906 _a7
_bcbc
_corignew
_d1
_eecip
_f20
_gy-gencatlg
942 _2lcc
_cBK