Fascinating topic

Would you consider the audio edition of Capitalism Without Capital to be better than the print version?

No. Print might work better because of the complexities of the subject

Who was your favorite character and why?

There were no characters. This is a book about economics. You need to refine your algorithms in your software.

Which character – as performed by Derek Perkins – was your favorite?

?? The dollar? Money? What on earth do you mean?

If you were to make a film of this book, what would the tag line be?

Only an idiot would make a film of this book. Who thought up this question?

Any additional comments?

You need to work on your software. Your questions are stupid.

54 les gens ont trouvé cela utile

Excellent insight into this part of the economy

Excellent insight into a valuable part of the economy which is often hidden from sight.

5 les gens ont trouvé cela utile

Must read for anyone who works in IP/technology

great book for those who work in intangible area I.e. patents, trademarks, art, music, etc.

5 les gens ont trouvé cela utile

INVESTMENT VALUE

In addressing 21st century technology, Haskel and Westlake argue that the tradition of hard asset value is diminished. In today’s technological economy, the authors suggest investment in intangibles is as important as investment in buildings and machinery.

Haskel and Westlake acknowledge intangibles have always been an important part of economic growth. They note worker training programs, specialized employee’ experience, and patented designs have always had value; but auditors rarely (if at all) quantified those intangibles as anything other than expense. Little of a company’s investment in training, employee experience, and patents is assigned as an asset by analysts who use pre-twenty-first century accounting rules.

Most intangibles have historically been classified as uncapitalized expenses. In part, because quantification of intangibles is difficult to measure. Before the tech-revolution, investments in training, patents, and experience were looked at as costs of doing business. They were most often expensed (with some exception for patents).

Historically, intangible value has always been with us but recognized as an expense. Haskel and Westlake suggest intangibles need to be partially and judiciously accounted for as assets. When recognized as assets, intangible values open the door to wider private and public finance.

4 les gens ont trouvé cela utile

A primer on the economy as it exists today.

Intangible investments affect the economy differently. How companies access capital, invest capital, measure value, and manage resources are critical. Brand and intangibles are where most of the value lives.

1 personne a trouvé cela utile

interesting but slightly dry

very interesting subject on a great analysis of it. repetitious and dry at times. nevertheless worth the read

1 personne a trouvé cela utile

Just What I've Needed

I became an unwitting business growth consultant.

my formal training is in Theology with an emphasis on leadership and missions.

I found a great deal of clarity to help me better apprehend this world where value is added in what I know, not in what I do.

This book has helped me better serve my clients with confidence and focus.

Generally, meh.

I expected much more from this book, namely a more exciting exploration of topics. I found it to be a review of the familiar... although, it is not devoid of value.

Interesting content, very insightful commentary

Great information on a change in economic practices of moving from a tangible to intangible world

How do we Quantify Intangibles in an Economy?

When it comes to hard numbers of performance, few of us outside of professional sports or sales are comfortable with letting hard metrics capture the nuance and quality of our work. Haskel and Westlake outline the challenges of documenting and gauging performance of a world economy that is trending more and more toward intangibles. Where industrial economies were quantifiable in terms of widgets per unit time, the output of modern economies are defined in terms of patent portfolios, licensing, contracts, options, brands, copyrights and a wide variety of intellectual property. This book strives to understand what we should consider in an increasingly intangible world.