software as capital

Doug Henwood dhenwood at
Sat Aug 28 13:45:55 PDT 1999

Brynjolfsson's co-author Shinkyu Yang has a research statement at <> claiming that a lot of the IT return comes from "intangibles," and that investment and GDP are understated by failure to account for these intangibles. I thought GDP, like capitalism, was about money; has money entered a new realm of intangibility?


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