Category Archives: the price mechanism

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

My pick for economic chart of the year (2012): Excess Reserves Held by the Federal Reserve

As 2012 came to a close, the Atlantic asked 34 different economists with notable web presences to provide one chart that best explains the economic situation. Effectively a database, you can find the 34 charts and explanations here. Also, the … Continue reading

Posted in 2007-2012, an actually thriving labor market, economic recovery, macro-economics, money and finance, money velocity, the great contraction, the great contraction 2007-2012, the price mechanism, Uncategorized | Leave a comment

The Facebook IPO shows…

The performance of the Facebook IPO suggests there is a gap between the cultural understanding of what is valuable and the economic ability to evaluate (or account for) this cultural capital. This gap will be difficult to overcome. The so-called … Continue reading

Posted in accounting, Facebook, intangible assets, intellectual property, prices, the price mechanism | Leave a comment

Facebook IPO spin war

From NY Magazine: An IPO as massive as Facebook’s — expected to raise over $10 billion and value the social media company at around $100 billion — means lots of rich, rich investors want to douse the hype and lower … Continue reading

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“Intellectual Property Valuation Techniques” article by Daryl Martin and David Drews

“Intellectual Property Valuation Techniques,” by Daryl Martin and David Drews, link here. Bottom line: “Ultimately, in all cases, context is the primary arbiter of value.”

Posted in accounting, intangible assets, intellectual property, Symbolic data, the price mechanism | Leave a comment

WIPO: the value of intellectual property…

At the WIPO website… “The Value of Intellectual Property, Intangible Assets and Goodwill” Kelvin King, founding partner of Valuation Consulting “Intellectual capital is recognized as the most important asset of many of the world’s largest and most powerful companies; it … Continue reading

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Valuing Intangible Assets: “The Reporting Gap”

“The Reporting Gap: Earnings and other financials no longer suffice as measures of corporate health,” March 1, 2001, Bill Roberts. Link. There’s a growing consensus that traditional corporate reporting won’t cut it in the 21st century, especially in knowledge-rich industries … Continue reading

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