Capitalism Without Capital Capitalism Without Capital Jonathan Haskel and Stian Westlake

Capitalism Without Capital

How Invisible Assets Are Reshaping Capitalism

by Jonathan Haskel and Stian Westlake

★ 4.5 26 min read

About This Book

The Intangible Economy (2017) examines how modern economies have undergone a fundamental transformation. Developed nations now pour more investment into non-physical assets—software, intellectual property, and research capabilities—than into traditional physical infrastructure like equipment and buildings. This work analyzes how these invisible yet valuable assets operate, and what their dominance means for companies, economic systems, and government policy.

Who Should Read This?

  • Business professionals and investors seeking to understand modern market dynamics
  • Economists studying structural changes in contemporary markets
  • Readers curious about why tech giants like Apple and Google achieved such rapid dominance

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