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Restarting the Future

How to Fix the Intangible Economy

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Restarting the Future

Von: Jonathan Haskel, Stian Westlake
Gesprochen von: Derek Perkins
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Über diesen Titel

From the acclaimed authors of Capitalism Without Capital, radical ideas for restoring prosperity in today’s intangible economy.

The past two decades have witnessed sluggish economic growth, mounting inequality, dysfunctional competition, and a host of other ills that have left people wondering what has happened to the future they were promised. Restarting the Future reveals how these problems arise from a failure to develop the institutions demanded by an economy now reliant on intangible capital such as ideas, relationships, brands, and knowledge.

In this groundbreaking and provocative book, Jonathan Haskel and Stian Westlake argue that the great economic disappointment of the century is the result of an incomplete transition from an economy based on physical capital, and show how the vital institutions that underpin our economy remain geared to an outmoded way of doing business. The growth of intangible investment has slowed significantly in recent years, making the world poorer, less fair, and more vulnerable to existential threats. Haskel and Westlake present exciting new ideas to help us catch up with the intangible revolution, offering a road map for how to finance businesses, improve our cities, fund more science and research, reform monetary policy, and reshape intellectual property rules for the better.

Drawing on Haskel and Westlake’s experience at the forefront of finance and economic policymaking, Restarting the Future sets out a host of radical but practical solutions that can lead us into the future.

©2022 Jonathan Haskel and Stian Westlake (P)2022 Recorded Books
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After several years working in the area of digitalization, too deep into the trees to see the forest, this book was eye opening: actually institutions play an extremely important role in promoting (or discouraging) advance in the digital economy, which in my view is part of the "intangible capitalism" trend detailed by the authors.

Since I am not a politician, or economist, I only wish the authors had given more space to the "rat race" issue: the race into which we feel pushed to get our children, so they can acquire always more qualifications and more prestige certifications at an ever faster pace. The goal is for them to have a chance at belonging to the winners of the brutally asymmetrical distribution of benefits in the new "intangible" economy. The problem are not the qualifications as such, but that they are merely (expensive for us, stressing for them) signalling mechanisms, contributing little to the enrichment of people or to the skills of employees.

A worthwhile reading.

Very interesting and timely

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