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58

What's Different about Intangible Investment? The Four S's of Intangibles

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Haskel, J. and Westlake, S. (2017). What's Different about Intangible Investment? The Four S's of Intangibles. In Haskel, J. and Westlake, S. Capitalism Without Capital: The Rise of the Intangible Economy. Princeton University Press, pp. 58-90

67

[...] Google, Microsoft and Facebook need relatively few tangible assets compared to the manufacturing giants of yesteryear. They can scale their intangible-asset bundle or software and reputation and so get very big. This type of scalability is, of course, enhanced by network effects.

also straightforward but maybe useful to cite?

—p.67 by Jonathan Haskel, Stian Westlake 2 years, 6 months ago

[...] Google, Microsoft and Facebook need relatively few tangible assets compared to the manufacturing giants of yesteryear. They can scale their intangible-asset bundle or software and reputation and so get very big. This type of scalability is, of course, enhanced by network effects.

also straightforward but maybe useful to cite?

—p.67 by Jonathan Haskel, Stian Westlake 2 years, 6 months ago