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The Economics Of Intangible Investment |
Elizabeth Webster, Principal Research Fellow, Intellectual Property Research Institute of Australia and Melbourne Institute of Applied Economic and Social Research, University of Melbourne, Australia
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| 1999 |
136 pp |
Hardback |
978 1 85898 858 0 |
£47.00 |
on-line discount
£42.30 |
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‘I had the privilege and pleasure of supervising the Ph.D. dissertation from which the present book originated. Its author, Beth Webster, was independent, critical in a positive way and original. She acquired a most thorough knowledge and mastery of the relevant literature. She recognized early on the growing importance, both qualitatively and quantitatively, of investment in intangible assets in modern economic processes. She set about developing an appropriate framework, drawing on Kalecki’s insights in particular, within which to analyse the issues involved. The outcome is the present book – which is original, relevant, comprehensive and a pleasure to read.’
– G.C. Harcourt, University of Cambridge, UK, Jesus College, Cambridge and University of Adelaide, Australia
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 labour, and subsequently what allows for differing increments of value, are our capabilities, skills and understandings. In addition, the way society synchronises these individual talents and pieces of knowledge is significant.
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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
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This book is part of the New Directions in Modern Economics series. To view the rest of the series, please use the link.
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