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Restarting the Future

How to Fix the Intangible Economy
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Restarting the Future examines the economic stagnation and inequality of recent decades, tracing these issues to outdated institutions unable to support the rising intangible economy based on ideas, relationships, and knowledge. Authors Jonathan Haskel and Stian Westlake argue that the economy has not fully adapted from tangible to intangible capital, slowing growth and increasing vulnerabilities. The book proposes practical, transformative solutions across finance, urban development, research funding, monetary policy, and intellectual property to revitalise prosperity in the modern age.
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This book is ideal for readers interested in economics, public policy, and the future of business, particularly those seeking fresh perspectives on innovation, economic growth, and institutional reform in the 21st century.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

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 roadmap 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.

Series: Princeton ANZ Paperbacks

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Book Details

INFORMATION

ISBN: 9780691241098

Publisher: Princeton University Press

Format: Paperback / softback

Date Published: 15 April 2022

Country: United States

Imprint: Princeton University Press

Illustration: 30 b/w illus. 3 tables.

Audience: General / adult

DIMENSIONS

Width: 139.0mm

Height: 216.0mm

Weight: 250g

Pages: 256

About the Author

Jonathan Haskel is professor of economics at Imperial College Business School and an external member of the Monetary Policy Committee of the Bank of England. Stian Westlake is executive chair of the Economic and Social Research Council. They are the authors of Capitalism without Capital: The Rise of the Intangible Economy (Princeton) and cowinners of the Indigo Prize.

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