Restarting the Future : : How to Fix the Intangible Economy / / Jonathan Haskel, Stian Westlake.

• Superior document: Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2022 English
• VerfasserIn: Haskel, Jonathan,; Westlake, Stian,
• Place / Publishing House: Princeton, NJ : : Princeton University Press, , [2022]; ©2022
• Year of Publication: 2022
• Language: English
• Physical Description: 1 online resource (320 p.) :; 30 b/w illus. 3 tables.

Radical ideas for restoring prosperity in today’s intangible economyThe 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 policy 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 the world had hoped for.

Table of Contents

Frontmatter -- CONTENTS -- List of Figures and Tables -- Preface and Acknowledgements -- Introduction: How to Restart the Century -- PART I. WHAT’S GONE WRONG, AND WHY? -- 1 The Great Economic Disappointment -- 2 The Economic Crisis Is an Intangibles Crisis -- 3 The Intangibles Crisis: Institutional Failure -- PART II. FIXING OUR CHANGED ECONOMY -- 4 “The Progress of Science and Useful Arts”: Reforming Public Investment and Intellectual Property -- 5 Financial Architecture: Finance and Monetary Policy in an Intangibles-Rich Economy -- 6 Making Cities Work Better -- 7 Reducing Dysfunctional Competition -- Conclusion: Restarting the Future -- Notes -- References -- Index