Boom of intangible assets felt across industries and economy

[hhs]

https://anderson-review.ucla.edu/boom-of-intangible-assets-felt-across-industries-and-economy/

[simple-thoughts]

Makes me wonder what other economic statistics are mismeasured or misinterpreted due to intangible assets. Seems like a potentially big issue

[sph → simple-thoughts]

Inflation is one. Unemployment is another (maybe not because of intangible assets, just that it's a very inaccurate, almost useless, figure due to how it's defined and measured).

[milsorgen]

Fascinating, gives much food for thought. I wish I had more to add but just wanted to note I enjoyed reading that and being exposed to the concepts.

[RetroTechie → milsorgen]

Same here. But basically it shows that "value" as considered by economists, has moved from physical assets to things like software, expertise, marketing brands & other 'soft' stuff like intellectual property.

And with that, companies considered most valuable (market cap) have changed from ones that manufacture physical goods, to the .com advertising / cloud computing / online shopping giants of today.

I'm piling the "socials" onto the "advertising" heap here... ;-)