Capitalism Without Capital (Business/Economics)

The Rise of the Intangible Economy by Jonathan Haskel and Stian Westlake Must-read for students, professionals, and anyone interested in modern economic trends. About the Book: This acclaimed book explores how modern economies are increasingly driven by intangible assets rather than traditional physical capital. It defines four S's of intangible investment—Scalability, Sunk costs, Spillovers, and Synergy—and shows how the shift to these assets affects inequality, innovation, and policy. Key Topics Covered: • The rise of investment in R&D, software, databases, and branding. • Why this shift helps explain rising economic inequality. • How policy (tax, competition, and intellectual property) needs to adapt to the new economy.