AI and the Economics of the Intangible Economy

Explore how AI, data, knowledge assets, and other intangible assets are restructuring the sources of economic growth, productivity, investment and global competitiveness. Understand the transition from an economy driven primarily by tangible factors of production - such as labour, machinery and physical capital - to an era shaped by these intangible assets, in particular digital technologies and increasingly machine-generated knowledge. Examine how these new sources of economic value are changing traditional models of business valuation, impacting on firms' investment decisions, and necessitating recalibration of public economic policies. Learn how intangible assets are classified, measured and valued, and how their distinctive characteristics - including scalability, non-rivalrous nature, network effects and mobility (given the lack of physical anchors) - influence the creation and distribution of economic value. Consider the implications for businesses, investors and governments, including the need to rethink conventional economic indicators and reframe public policies to better reflect the realities of the intangible economy.