Finance & economics | Free exchange

How to unleash more investment in intangible assets

A new book urges financial and economic reforms

When russia invaded Ukraine, tangible things at first seemed all too important. Bombs and bullets were what mattered; commodity markets were roiled; supply chains were upturned. As the war has gone on, however, intangible factors have asserted their importance, too. The managerial and logistical know-how of the armed forces on either side, as well as technological advantages, like Ukraine’s deployment of Bayraktar drones, have altered the course of the war. So too has the goodwill that Ukraine has attracted from people around the world, which has in turn led foreign governments to lend the country more support.

This article appeared in the Finance & economics section of the print edition under the headline “Immaterial needs”

The coming food catastrophe

From the May 21st 2022 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Finance & economics

Europe’s economic growth is extremely fragile

Risk is concentrated in one country: Germany

How vulnerable is Israel to sanctions?

So far, measures have had little effect. That could change


Why companies get inflation wrong

Bosses should pay less attention to the media


What is behind China’s perplexing bond-market intervention?

The central bank seems to think the government’s debt is too popular

How to invest in chaotic markets

Contrary to popular wisdom, even retail investors should pay attention to volatility