---
canonical_url: "https://csls.ca/ipm-archive/ipm-issue-34/whats-new-about-capitalism-a-review-article-on-capitalism-without-capital-the-rise-of-the-intangible-economy/"
title: "What&#8217;s New About Capitalism?: A Review Article on Capitalism without Capital: The Rise of the Intangible Economy"
author:
  name: "CSLS"
  url: "https://csls.ca/author/cslc/"
date_published: "2026-07-13T07:52:38+00:00"
date_modified: "2026-07-13T07:52:38+00:00"
post_type: "ipm"
summary: ""
ipm_issue_period:
  - "Spring 2018"
ipm_keyword:
  - "Capitalism without Capital"
  - "Haskel"
  - "inequality"
  - "intangible capital"
  - "productivity"
  - "review article"
  - "scalability"
  - "spillovers"
  - "synergies"
  - "Westlake"
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  - "International"
  - "United Kingdom"
  - "United States"
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status: "publish"
---

# What’s New About Capitalism?: A Review Article on Capitalism without Capital: The Rise of the Intangible Economy

Canonical URL: https://csls.ca/ipm-archive/ipm-issue-34/whats-new-about-capitalism-a-review-article-on-capitalism-without-capital-the-rise-of-the-intangible-economy/

# What’s New About Capitalism?: A Review Article on Capitalism without Capital: The Rise of the Intangible Economy

[Download full PDF article](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-34-7-Syverson.pdf)

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Syverson, Chad. 2018. “What’s New About Capitalism?: A Review Article on Capitalism without Capital: The Rise of the Intangible Economy.” International Productivity Monitor, No. 34 (Spring 2018): 118–123. https://www.csls.ca/ipm-archive/ipm-issue-34/whats-new-about-capitalism-a-review-article-on-capitalism-without-capital-the-rise-of-the-intangible-economy/

## Author:

-
Chad Syverson
Booth School of Business, University of Chicago

## IPM Issue 34

Spring 2018 pp. 118–123

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## Abstract

## Résumé

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I review Jonathan Haskel and Stian Westlake’s recent book on intangible capital. It is an excellent introduction to and overview of the economics of intangibles. Using a combination of colorful examples and rigorous economic logic, it builds an interesting and useful reference for readers of many types, including academics, policymakers, and business people. While there is much left to be learned about the nature and role of intangible capital, this book will serve as a summary of what we know now as well as a roadmap for future explorations of the subject. In their new book Capitalism without Capital:

Je passe en revue le récent ouvrage de Jonathan Haskel et Stian Westlake sur le capital immatériel. Il s’agit d’une excellente introduction et d’un aperçu complet de l’économie des actifs immatériels. Utilisant une combinaison d’exemples colorés et d’une logique économique rigoureuse, il constitue une référence intéressante et utile pour des lecteurs de tous types, notamment les universitaires, les décideurs et les gens d’affaires. Bien qu’il reste encore beaucoup à apprendre sur la nature et le rôle du capital immatériel, cet ouvrage servira de synthèse de ce que nous savons actuellement et de feuille de route pour les futures explorations du sujet.

[Download full PDF](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-34-7-Syverson.pdf)
