For the first time, the major developed economies began to invest more in intangible assets, like design, branding, R&D, and software, than in tangible assets, like machinery, buildings, and computers.
Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the big economic changes of the last decade.
This part of the book also pulls insights from different research strands to highlight the critical ways in which intangibles differ from tangibles.
But, the ability of some firms to leverage synergies and spillovers associated with intangibles can lead to these big differences observed in pay across firms.
* Second, new technology also seems to be increasing the opportunities for businesses to invest in intangibles, and, as many intangibles involve information and communications, they can be made more efficient with better information technology (IT).
* Third, while the structure of the economy will affect the relative importance of intangibles, that effect will change over time.
"A huge element of our economy is driven by companies that deal in intangibles."
"A lot of these intangibles are outside of your control but clearly affect business.
Having documented the rise of intangibles
, the authors assert a core thesis of the book: intangible
capital is not just physical capital that is harder to see.
Unlike the situation for tangible personal property, foreign transfers of intangibles
come within the purview of Sec.
All experts agree that the most common estimation (not determination or calculation) of the intangibles
value is through the difference between the market capitalization of the company and the book value of the assets.
The notice addresses the sourcing of receipts from the sale of services and the rental, lease, or license of intangible
property, as well as when certain receipts are to be excluded from sales altogether.
In "Is Excess Rent Intangible
?" (Spring 2016), by Stephen D.