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Bus Econ (2018) 53:237–239 https://doi.org/10.1057/s11369-018-0094-0 BOOK REVIEW Jonathan Haskel and Stian Westlake: Capitalism without Capital, Princeton University Press, 2017, Princeton, NJ and Oxford, United Kingdom, 288 pages, ISBN 978-0-691- 17503-4 Daniel E. Sichel Published online: 4 September 2018 National Association for Business Economics 2018 Every year, many books are written that focus on new thousand years ago—to the perhaps apocryphal story about trends in business, management, the economy, and finan- King Cnut turning back the tides in the 11th century, to cial markets. I often find myself reacting to this stream William the Conqueror, to Amazon and Google.) I would with a bit of indifference—key points in these books are highly recommend this book to business economists, widely known, too cliched, or too focused on the fad of the managers, academics, policymakers, and financial-market day. But, once in a while, a new book pulls together dis- participants interested in longer-term trends. parate strands of knowledge to highlight an important but The book begins with one of its wonderful historical slow moving and therefore hard to see trend. Capitalism anecdotes to highlight the rise of intangibles, comparing without Capital by Jonathan Haskel and Stian Westlake is the recent valuation of
Business Economics – Springer Journals
Published: Oct 1, 2018
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