The Rise of the Intangible Economy: U.S. GDP Counts R&D, Artistic Creation – Businessweek
The Rise of the Intangible Economy: U.S. GDP Counts R&D, Artistic Creation – Businessweek: WOW. GDP is going to be re-calibrated to include Intangible assets. They hadn’t been included because, well, they were kinda hard to measure. ? Huh ? So expenses on a bridge or a factory becomes part of GDP and part of the “capital” of a working economy, but investment in R&D is simply an expense, with no intrinsic value for the…