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Capitalism Without Capital: The Rise of the Intangible Economy
by Jonathan Haskel, Stian Westlake

Capitalism Without Capital: The Rise of the Intangible Economy
by Jonathan Haskel, Stian Westlake

Capitalism Without Capital: The Rise of the Intangible Economy
by Jonathan Haskel, Stian Westlake

91

Intangibles, Investment, Productivity, and Secular Stagnation

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Haskel, J. and Westlake, S. (2017). Intangibles, Investment, Productivity, and Secular Stagnation. In Haskel, J. and Westlake, S. Capitalism Without Capital: The Rise of the Intangible Economy. Princeton University Press, pp. 91-117

conceals rent-seeking activities

111

Finally, we should consider the possibility that the true nature of intangible investment has changed. Maybe it conceals rent-seeking activities that superficially look like they increase productivity but actually do nothing of the sort.

trying to explain why corporations are investing less in R&D-type stuff. no shit dudes

—p.111 by Jonathan Haskel, Stian Westlake 8 years, 1 month ago

Finally, we should consider the possibility that the true nature of intangible investment has changed. Maybe it conceals rent-seeking activities that superficially look like they increase productivity but actually do nothing of the sort.

trying to explain why corporations are investing less in R&D-type stuff. no shit dudes

—p.111 by Jonathan Haskel, Stian Westlake 8 years, 1 month ago