Data Capital: How Data is Reinventing Capital for Globalization
Data Capital: How Data is Reinventing Capital for Globalization
by Chunlei Tang
English | 2021 | ISBN: 3030601919 | 358 Pages | PDF EPUB | 45 MB
by Chunlei Tang
English | 2021 | ISBN: 3030601919 | 358 Pages | PDF EPUB | 45 MB
This book defines and develops the concept of data capital. Using an interdisciplinary perspective, this book focuses on the key features of the data economy, systematically presenting the economic aspects of data science. The book (1) introduces an alternative interpretation on economists’ observation of which capital has changed radically since the twentieth century; (2) elaborates on the composition of data capital and it as a factor of production; (3) describes morphological changes in data capital that influence its accumulation and circulation; (4) explains the rise of data capital as an underappreciated cause of phenomena from data sovereign, economic inequality, to stagnating productivity; (5) discusses hopes and challenges for industrial circles, the government and academia when an intangible wealth brought by data (and information or knowledge as well); (6) proposes the development of criteria for measuring regulating data capital in the twenty-first century for regulatory purposes by looking at the prospects for data capital and possible impact on future society.