IDEAS home Printed from https://ideas.repec.org/a/sls/ipmsls/v34y20187.html
   My bibliography  Save this article

What's New About Capitalism?: A Review Article on Capitalism without Capital: The Rise of the Intangible Economy

Author

Listed:
  • Chad Syverson

Abstract

I review Jonathan Haskel and Stian Westlake's recent book on intangible capital. It is an excellent introduction to and overview of the economics of intangibles. Using a combination of colorful examples and rigorous economic logic, it builds an interesting and useful reference for readers of many types, including academics, policymakers, and business people. While there is much left to be learned about the nature and role of intangible capital, this book will serve as a summary of what we know now as well as a roadmap for future explorations of the subject.

Suggested Citation

  • Chad Syverson, 2018. "What's New About Capitalism?: A Review Article on Capitalism without Capital: The Rise of the Intangible Economy," International Productivity Monitor, Centre for the Study of Living Standards, vol. 34, pages 118-123, Spring.
    • Handle: RePEc:sls:ipmsls:v:34:y:2018:7
    as

    Download full text from publisher

    File URL: http://www.csls.ca/ipm/34/syverson.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jae Song & David J Price & Fatih Guvenen & Nicholas Bloom & Till von Wachter, 2019. "Firming Up Inequality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 1-50.
    2. Corrado, Carol & Haltiwanger, John & Sichel, Daniel (ed.), 2005. "Measuring Capital in the New Economy," National Bureau of Economic Research Books, University of Chicago Press, number 9780226116129.
    3. Carol Corrado & John Haltiwanger & Daniel Sichel, 2005. "Introduction to "Measuring Capital in the New Economy"," NBER Chapters, in: Measuring Capital in the New Economy, pages 1-10, National Bureau of Economic Research, Inc.
    4. Carol Corrado & John Haltiwanger & Daniel Sichel, 2005. "Measuring Capital in the New Economy," NBER Books, National Bureau of Economic Research, Inc, number corr05-1.
    5. Van Trinh, Le Thi & Gibson, John & Oxley, Les, 2005. "Measuring the stock of human capital in New Zealand," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 68(5), pages 484-497.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The “Parabox”: Glass Skyscrapers and the City
      by Jason Barr in Skynomics Blog on 2018-07-25 12:52:44
    2. The Economics of Skyscraper Height (Part II)
      by Jason Barr in Skynomics Blog on 2019-01-03 13:59:59
    3. The Economics of Skyscraper Height (Part IV): Construction Costs Around the World
      by Jason Barr in Skynomics Blog on 2019-06-04 12:26:40
    4. Star Trek and the Economics of the Future (Part II): Programming versus Survival
      by Jason Barr in Skynomics Blog on 2019-02-20 13:04:54

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Felix Roth & Anna-Elisabeth Thum, 2022. "Intangible Capital and Labor Productivity Growth: Panel Evidence for the EU from 1998–2005," Contributions to Economics, in: Intangible Capital and Growth, chapter 0, pages 101-128, Springer.
    2. Ellen McGrattan, 2020. "Intangible Capital and Measured Productivity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 147-166, August.
    3. Ellen R. McGrattan & Edward C. Prescott, 2012. "The Labor Productivity Puzzle," Book Chapters, in: Lee E. Ohanian & John B. Taylor & Ian J. Wright (ed.), Government Policies and the Delayed Economic Recovery, chapter 6, Hoover Institution, Stanford University.
    4. Hyunbae CHUN & MIYAGAWA Tsutomu & Hak Kil PYO & TONOGI Konomi, 2015. "Do Intangibles Contribute to Productivity Growth in East Asian Countries? Evidence from Japan and Korea," Discussion papers 15055, Research Institute of Economy, Trade and Industry (RIETI).
    5. Wen Chen, 2018. "Cross‐Country Income Differences Revisited: Accounting for the Role of Intangible Capital," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(3), pages 626-648, September.
    6. Ellen R. McGrattan & Eduard C. Prescott, 2006. "Why Did U.S. Market Hours Boom in the 1990s?," 2006 Meeting Papers 192, Society for Economic Dynamics.
    7. Alexander Murray, 2016. "Partial versus Total Factor Productivity: Assessing Resource Use in Natural Resource Industries in Canada," CSLS Research Reports 2016-20, Centre for the Study of Living Standards.
    8. Anmol Bhandari & Ellen R. McGrattan, 2017. "Sweat Equity in U.S. Private Business," Staff Report 560, Federal Reserve Bank of Minneapolis.
    9. Robert Inklaar & Marcel P. Timmer, 2012. "Productivity Convergence Across Industries and Countries: The Importance of Theory-based Measurement," Chapters, in: Matilde Mas & Robert Stehrer (ed.), Industrial Productivity in Europe, chapter 11, Edward Elgar Publishing.
    10. Leonard I. Nakamura, 2010. "Intangible Assets And National Income Accounting," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(s1), pages 135-155, June.
    11. Ye Li, 2018. "Fragile New Economy: The Rise of Intangible Capital and Financial Instability," 2018 Meeting Papers 1189, Society for Economic Dynamics.
    12. Carol Corrado & Jonathan Haskel & Cecilia Jona-Lasinio, 2017. "Knowledge Spillovers, ICT and Productivity Growth," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(4), pages 592-618, August.
    13. Mauro Giorgio Marrano & Jonathan Haskel & Gavin Wallis, 2009. "What Happened To The Knowledge Economy? Ict, Intangible Investment, And Britain'S Productivity Record Revisited," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 686-716, September.
    14. Robert J. Hill, 2009. "Introduction To Special Section On Intangible Capital," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 658-660, September.
    15. A. Arrighetti & F. Landini & A. Lasagni, 2015. "Firms’economic crisis and firm exit: do intangibles matters?," Economics Department Working Papers 2015-EP04, Department of Economics, Parma University (Italy).
    16. Konstantinos A. Melachroinos & Nigel Spence, 2013. "Intangible Investment and Regional Productivity in Great Britain," Regional Studies, Taylor & Francis Journals, vol. 47(7), pages 1048-1064, July.
    17. Kevin J. Fox & Peter Goodridge & Jonathan Haskel & Gavin Wallis, 2017. "Spillovers from R&D and Other Intangible Investment: Evidence from UK Industries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63, pages 22-48, February.
    18. Chen, Wen & Niebel, Thomas & Saam, Marianne, 2016. "Are intangibles more productive in ICT-intensive industries? Evidence from EU countries," Telecommunications Policy, Elsevier, vol. 40(5), pages 471-484.
    19. Felix Roth, 2022. "Revisiting Intangible Capital and Labor Productivity Growth, 2000–2015: Accounting for the Crisis and Economic Recovery in the EU," Contributions to Economics, in: Intangible Capital and Growth, chapter 0, pages 17-42, Springer.
    20. Gravina, Antonio Francesco & Foster-McGregor, Neil, 2020. "Automation, globalisation and relative wages: An empirical analysis of winners and losers," MERIT Working Papers 2020-040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

    More about this item

    Keywords

    Capitalism; Capital; Intangible; Intangible Capital; Intangible Economy; Review; Capitalism without Capital: The Rise of the Intangible Economy;
    All these keywords.

    JEL classification:

    • Y3 - Miscellaneous Categories - - Book Reviews
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sls:ipmsls:v:34:y:2018:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CSLS (email available below). General contact details of provider: https://edirc.repec.org/data/cslssca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.