The intangible economy poses challenges for measurement and analysis from "summary" of Capitalism without Capital by Jonathan Haskel,Stian Westlake
In the modern economy, traditional measures of economic activity like GDP and productivity may not capture the full extent of value creation. This is because intangible assets such as intellectual property, organizational know-how, and brand recognition are playing an increasingly important role in driving economic growth. These intangible assets are difficult to measure and value, which poses challenges for traditional methods of economic analysis. One reason for the difficulty in measuring the intangible economy is that many of these assets do not have a market price. Unlike physical assets like buildings or machinery, which have a clear market value, intangible assets are often unique to a particular firm and may not be easily traded. This makes it challenging to accurately quantify the contribution o...
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