Restarting the Future

The book Restarting the Future presents innovative solutions to revive an economy struggling with intangible capital and systemic issues.

In Restarting the Future, acclaimed authors Jonathan Haskel and Stian Westlake explore the pressing issues facing our economy today. They argue that the sluggish growth and rising inequality we have experienced over the last two decades stem from an inability to adapt our institutions to an economy increasingly reliant on intangible assets. These assets include not just ideas and knowledge, but also vital relationships and brands that drive modern business. The authors contend that our current economic framework is outdated, failing to support the transition from a physical capital-based economy to one that embraces the value of intangible investments.

The book delves into the reasons for this economic stagnation, emphasizing that the growth of intangible investment has significantly slowed, leaving many feeling disillusioned about the future. Haskel and Westlake present a compelling case that our institutions are not equipped to handle this shift, which has resulted in a world that is poorer, less equitable, and more susceptible to risks. They propose that by understanding and addressing these shortcomings, we can reclaim the promise of prosperity that has been lost.

Restarting the Future offers a roadmap filled with innovative and practical solutions to revitalize our economy. From reforming monetary policy to reshaping intellectual property rules, the authors provide actionable insights aimed at financing businesses, enhancing urban development, and boosting scientific research. Their expertise in finance and economic policymaking lends credibility to their radical ideas, making this book a vital read for anyone interested in the future of our economy.