Intangible Assets

Screenshot from 2017-12-07 16-12-04An article by the Business School folks at Imperial College.  In the past, wealth meant owning ‘tangible assets’.  Gold, land, cattle.  There have always been other, less tangible assets, like ‘intellectual property’, but these were usually part of a larger tangible asset arrangements (a company’s patent portfolio protecting its manufacturing, for instance).  What does it mean when the value of these intangible assets becomes large in proportion to other assets?  I am not sure.

We need to change the way we look at the economy, says Imperial professor