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The Economics of Intangible Investment (New Directions in Modern Economics)
The Economics of Intangible Investment - New Directions in Modern Economics Author:Elizabeth Webster The amount of physical matter in the world is fixed and improvements to people's material circumstances are only created by their ability to reconfigure this matter. What distinguishes labor, and subsequently what allows for differing increments of value, are our capabilities, skills and understandings. In addition, the way society synchronize... more »s these individual talents and pieces of knowledge is significant. This innovative book sheds new light on the emerging confluence between labor and industrial economics: the view that labor as capital is the dominant factor of production. This factor is commonly embraced under the term intangible capital. This book examines the process by which firms accumulate intangible capital assets using a post-Keynesian perspective. It will be of interest to labor and industrial economists, especially those who favor post-Keynesian and Kaleckian economic thought. TABLE OF CONTENTS: 1. Introduction 2. Historic Conception of Investment and Capital 3. Contemporary Conception of Investment 4. Uncertainty and Risk 5. Competition 6. Empirical Evidence 7. The Firm's Investment Decision 8. Integration into Macrodynamics 9. Concluding Remarks References Index« less
ISBN-13: 9781858988580 ISBN-10: 1858988586 Pages:118 Edition:1 Ed Rating: