The idea of capital is pervasive in economics. But what is capital? Traders in the 17th century believed it was commodity money, gold and silver. It was durable, portable and desirable. Classical economists including Adam Smith broadened the concept to…
Welcome to Economics2030…
… a vital source of ideas and news about economics and economic theory that seeks to re-define the discipline to take into account the rise of intangibles generally and intangible capital in particular in advanced economies. This site contains a rich…