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


  • Chad Syverson



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

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    References listed on IDEAS

    1. Carol Corrado & John Haltiwanger & Dan Sichel, 2005. "Measuring Capital in the New Economy," NBER Books, National Bureau of Economic Research, Inc, number corr05-1, January.
    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. 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.
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    Blog mentions

    As found by, the blog aggregator for Economics research:
    1. The “Parabox”: Glass Skyscrapers and the City
      by Jason Barr in Building the skyline on 2018-07-25 12:52:44
    2. The Economics of Skyscraper Height (Part II)
      by Jason Barr in Building the skyline on 2019-01-03 13:59:59

    More about this item


    Capitalism; Capital; Intangible; Intangible Capital; Intangible Economy; Review; Capitalism without Capital: The Rise of the Intangible Economy;

    JEL classification:

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


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