Social Science Bites

The knowledge economy. Intellectual property. Software. Maybe even bitcoin. All pretty much intangible, and yet all clearly real and genuinely valuable. This is the realm where economist Jonathan Haskel of Imperial College London mints his own non-physical scholarship. “In the old days,” relates the co-author of Capitalism without Capital: The Rise of the Intangible Economy, “the assets of companies, the sort of secret sauce by which companies would generate their incomes and do their services for which they’re employed for, was very tangible-based. These would be companies with lots of machines, these would be companies with oil tankers, with buildings, with vehicles to transport things around. Nowadays, companies like Google, like Microsoft, like LinkedIn, just look very different.” And that difference, he explains to interviewer David Edmonds in this Social Science Bites podcast, is knowledge. “What they have is knowledge,” says Haskel, “and it’s knowledge assets, these intangible assets, which these