When the ideas in our heads are worth more than the roofs above them

Page, W. (23 March 2021) When the ideas in our heads are worth more than the roofs above them. LSE Business Review.
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When the ideas inside our heads are worth more than the roofs above them, it’s a sign of the times. That is to say, investment in intellectual property – the business of ideas – is now worth more to the US economy than residential real estate – the business of bricks and mortar. This creates a dilemma for measuring the economy as what matters most risks being measured least, writes Will Page.

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