“For an introduction, though, it would be hard to do better than Capitalism without Capital, which is clear and lively and raises–without having all the answers–the relevant questions.”—Diane Coyle, The Enlightened Economist

“The historical view of ‘capital as something tangible persists and limits our thinking,’ the authors argue. To be sure, exactly which intangible assets qualify as capital can be debated endlessly. In Capitalism Without Capital, [they] choose a broad definition and explore its implications. In so doing, they provide insights into some puzzling questions . . . [and] make a good case that we don’t know as much as we think because some of our tools for measuring economic performance are out of date.”—George Molloan, Wall Street Journal

“[Capitalism without Capital] is a very relevant and timely book.”—Peter A. Coclanis, Raleigh News & Observer

“[Capitalism without Capital] needs to be read by anyone seeking to understand the nature of modern capitalism and its politics.”—Daniel Finkelstein, The Times

“A great new book Capitalism without Capital by Jonathan Haskel and Stian Westlake suggests the rise of intangible assets makes corporate banking riskier.”—Manish Sabharwal, The Indian Express

“One of the Economist.com “Wise Words 2017 Books of the Year” in Economics and Business”

“A first-rate book.”—Arnold Kling, Askblog,

“Haskel and Westlake’s book focuses on the rise of the intangible economy. They are not trying to make any statement on the EU, but in one chapter of their book they plot tangible and intangible investment against an OECD measure of employment strictness. The results are fascinating. In their own words: ‘countries with more restrictive hiring and firing invest more in tangibles and less in intangibles’.”—Graeme Leach, CityAM

“One of this year’s most important and stimulating economic reads. . . . Read this book.”—Tyler Cowen, Marginal Revolution

“Haskel and Westlake tell this story in a compelling way that is chock-full of examples that make the argument concrete and make the book highly readable.”—Daniel E. Sichel, Business Economics

“With an impressive breadth of topics, this thorough book takes a compelling look at the importance of intangible capital. Arguing that it offers an invaluable lens to view modern, dynamic innovative economies, the framework that Haskel and Westlake set forth is useful, insightful, and indispensable.”―Carol Corrado, The Conference Board

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