Data Capital: How Data is Reinventing Capital for Globalization

Book Description 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. 

Providing the first a thorough introduction to the theory of data as capital, this book will be useful for those studying economics, data science, and business, as well as those in the financial industry who own, control, or wish to work with data resources. 

Content

1. Introduction

Part I - Capital: Something to Nothing
2. Principles of Capital
3. The Rise of Data Capital

Part II - Data Capital as Factor of Production
4. The Composition of Data Capital
5. Particularities in Data as Capital
6. The Metamorphoses of Data Capital and Their Circuits

Part III - Hopes and Challenges Brought from Data Capital
7. Radical Data-Rich Markets
8. Public Choice on Data Capital
9. Rethinking Economic Indicators with Data-Informed Insights

Part IV - Regulating Data Capital in the Twenty-First Century
10. A Global Society with Data Capital
11. Worldwide Taxation on Data Capital
12. A Blueprint Via the Latest Self-Governing Openness of Data
13. Conclusion