The book focuses on the policy issues raised by the increasing importance of intangible assets in a country’s growth and competitiveness. The main idea is that the value of intangible assets, which is imperfectly captured by current economic indicators and imperfectly formalized in economic theory, lies in their being the cumulative elements that keep the economy together – the glue of the system.
This argument leads to the focus on networks and social capital as drivers of the development of intangible assets and is illustrated by the case of EU innovation and knowledge diffusion policy.
The Economic Importance of Intangible Assets, (P.Bianchi and S. Labory eds.), Ashgate Academic Pu. London, pp. 1- 202, 2004