Capitalism without Capital: The Rise of the Intangible Economy

"The portion of the world's economy that doesn't fit the old model just keeps getting larger. That has major implications for everything from tax law to economic policy to which cities thrive and which cities fall behind, but in general, the rules that govern the economy haven’t kept up. This is one of the biggest trends in the global economy that isn’t getting enough attention. If you want to understand why this matters, the brilliant new book Capitalism Without Capital by Jonathan Haskel and Stian Westlake is about a good an explanation as I’ve seen."—Bill Gates

“Compelling…. Haskel and Westlake have mapped the economics of a challenging new economy.”—Martin Wolf, Financial Times

“One of this year’s most important and stimulating economic reads…. Read this book.”—Tyler Cowen, Marginal Revolution

“For an introduction … it would be hard to do better than Capitalism without Capital, which is clear and lively and raises—without having all the answers—the relevant questions.”—Diane Coyle, Enlightened Economist

“The book makes its case in a lighthearted, conversational way that will appeal to economists and non-economists alike.”—The Economist

“One of the year’s most talked-about books.”—John Harris, The Guardian