Category Archives: accounting

We now better account for intellectual property and intangible assets

On July 31, 2013, the Bureau of Economic Analysis revised the way it measures GDP, with the goal first and foremost “to better measure the effects of innovation and intangible assets on the economy.” Specifically, this means, among other things, … Continue reading

Posted in accounting, advanced capitalism, intangible assets, intellectual property, macro-economics, prices, qualitative sociology of economics and politics, sociology, the database, the price mechanism | Leave a comment

Preparing an intellectual property report

source: “Getting a Grip on Accounting and Intellectual Property” Roya Ghafele, Associate Economic Officer, Intellectual Property and Economic Development Department, WIPO Guidelines for preparing an IP report Provide a narrative summary: – Analyze and explain the basic business model, plan … Continue reading

Posted in accounting, advanced capitalism, hard data, intangible assets, intellectual property, macro-economics, qualitative sociology of economics and politics, sociology, Symbolic data, the database | Leave a comment

Why changes to intellectual property valuation matter

As I wrote last night, this blog will report and comment on the BEA’s decision to revise the way it measures GDP. The BEA’s goal is to better account for the real value of intellectual property in the US economy. … Continue reading

Posted in accounting, advanced capitalism, intangible assets, intellectual property, macro-economics, sociology, theoretical drivel | 1 Comment

More intellectual property wealth will soon be accounted for

As I wrote about earlier in the week, starting July 31 2013, the Bureau of Economic Analysis will change the way it “accounts for” intellectual property in its measurement of gross domestic product (GDP). The changes will place greater value … Continue reading

Posted in accounting, advanced capitalism, economic recovery, hard data, intangible assets, intellectual property, macro-economics, theoretical drivel, Uncategorized | 1 Comment

The economics of intellectual property: the problem of valuation

A pretty remarkable contribution from the Wall Street Journal op-ed page today. The subject was the economics of intellectual property, prompted by a coming change to the way the US will measure gross domestic product (GDP). The reason for the … Continue reading

Posted in accounting, advanced capitalism, intangible assets, intellectual property, macro-economics, main themes of blog, prices, qualitative sociology of economics and politics, sociology of business, theoretical drivel | 1 Comment

The transaction cost of ‘knowledge of knowledge’: a problem in the sociology of business

The economic problem of society is thus not merely a problem of how to allocate “given” resources—if “given” is taken to mean given to a single mind which deliberately solves the problem set by these “data.” It is rather a … Continue reading

Posted in accounting, advanced capitalism, intellectual property, Media and knowledge, sociology, sociology of business | Leave a comment

economic recovery

It is now give or take five years since a finance-centered economic crisis hit highly-leveraged Western economies. While early on there was talk about a major transformation of world monetary arrangements (Roubini, May 13, 2009, in the NY Times here, … Continue reading

Posted in 2007-2012, accounting, advanced capitalism, economic recovery, money and finance, money velocity, the great contraction, the great contraction 2007-2012 | 1 Comment