IMF managing director Kristalina Georgieva On 16 November, IMF managing director Kristalina Georgieva delivered an opening statement for the fund’s 10th IMF Statistical Forum which was entitled Measuring the Tangible Benefits of Intangible Capital. The two-day event was addressed by…
Tag: intangible capital
MMT is the opposite of what’s needed for economies facing austerity
Credit: www.marketplace.org/2019/01/24/modern-monetary-theory-explained/ Modern Monetary Theory (MMT) is an idea that’s gathered growing support since the term was first coined in Full Employment Abandoned, a book published by Bill Mitchell and Joan Muysken, both academic economists, in 2008. This is recent…
Private equity drives the intangible capital boom
UK supermarket chain Wm Morrison will be the UK’s PE buyout since 2007 Figures from Refinitiv, the financial intelligence company, show that private equity (PE) groups have bought or announced bids for 366 UK companies so far this year, the…
A new model for English football
White Hart Lane stadium: the gap on match days between the affluence inside the ground and the surrounding area is one of the biggest in the UK. The problem with British football can be best understood by making a match…
Intangible capital can pay for Sunak’s long-term Covid plan
UK Chancellor of the Exchequer Rishi Sunak is planning to announce a long-term post-Covid economic plan in his annual budget statement on 3 March. It’s likely to include higher spending on the National Health Service and support for businesses hit…
WeWork shows intangible capital companies may be houses of cards
In what is one of the most dramatic collapses in the value of a firm in business history, WeWork – the start-up US-based rental firm – is this week seeking financing it needs to keep the firm operating. Company failure…
Capital is a social construct and can’t be controlled
Richard Murphy has called for the end of the freedom of movement for capital In a comment posted on his website on 30 December, academic and accountant Richard Murphy said that the UK vote in favour of leaving the EU…
Finkelstein and capitalism
In an article published by The Times earlier this month, Conservative Party supporter Daniel Finkelstein argued “There is no alternative to capitalism, comrade.” It echoed the point made previously by Peter Kellner, a Labour Party supporter, in The New Statesman.…
Railways and the rise of the service economy
New figures show that 1,625m passenger journeys were made on UK railways in the 12 months ending September this year. This compares with 800m in 1997. Some argue this shows the success of railway privatisation brought about by the Railways…
Intellectual capital and TTIP
The draft intellectual property (IP) rights chapter of the Trans-Pacific Partnership (TPP) agreement being negotiated between the US and 11 Pacific nations was published by Wikileaks on 9 October. The 60-page document covers topics that economists normally don’t worry about:…