Restarting the Future. How to 'Repair' the Intangible Economy

Over the past twenty years, we have faced slow economic growth, increasing inequality, unhealthy competition, and many other problems that have led people to wonder: what happened to the future they were promised? The book "Restarting the Future" demonstrates how these issues arise from our failure to create the institutions necessary for an economy that is now built on intangible capital—ideas, connections, brands, and knowledge. In their revolutionary and bold book, Jonathan Haskel and Stian Westlake argue that the main economic disappointment of the century is the result of an incomplete transition from a physical-capital-based economy. They show how the essential institutions of our economy are still tuned to outdated approaches to doing business. In recent years, the pace of growth of intangible investments has significantly slowed, making the world poorer, more unjust, and more vulnerable to global threats. Haskel and Westlake propose forward-looking new ideas that will help us keep pace with the intangible revolution. They present an action plan: how to finance businesses, develop cities, increase support for science and research, reform monetary policy, and improve intellectual property protection rules.