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Data Capital

How Data is Reinventing Capital for Globalization

  • Book
  • © 2021

Overview

Authors:
  1. Chunlei Tang

    1. Harvard University, Cambridge, USA

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  • Defines and develops the concept of data capital: a human-created resource that goes naturally a capital
  • Emphasizes a cautious optimism the connections on observing the rise of data capital and the increasing importance of data technology in the distribution of global wealth
  • Brings a rigorous study on how to measure data capital and its impact on the global economy, how this has changed and will develop over time, and the latest thinking on how to assess this

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction

    • Chunlei Tang
    Pages 1-32

  3. Part I

    1. Front Matter

      Pages 33-33
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    2. Principles of Capital

      • Chunlei Tang
      Pages 35-62

    3. The Rise of Data Capital

      • Chunlei Tang
      Pages 63-105

  4. Part II

    1. Front Matter

      Pages 107-107
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    2. The Composition of Data Capital

      • Chunlei Tang
      Pages 109-141

    3. Particularities in Data as Capital

      • Chunlei Tang
      Pages 143-176

    4. The Metamorphoses of Data Capital and Their Circuits

      • Chunlei Tang
      Pages 177-207

  5. Part III

    1. Front Matter

      Pages 209-209
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    2. Radical Data-Rich Markets

      • Chunlei Tang
      Pages 211-241

    3. Public Choice on Data Capital

      • Chunlei Tang
      Pages 243-267

    4. Rethinking Economic Indicators with Data-Informed Insights

      • Chunlei Tang
      Pages 269-296

  6. Part IV

    1. Front Matter

      Pages 297-297
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    2. A Global Society with Data Capital

      • Chunlei Tang
      Pages 299-319

    3. Worldwide Taxation on Data Capital

      • Chunlei Tang
      Pages 321-338

    4. A Blueprint Via the Latest Self-Governing Openness of Data

      • Chunlei Tang
      Pages 339-350

    5. Conclusion

      • Chunlei Tang
      Pages 351-359

  7. Back Matter

    Pages 361-376
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Keywords

About this book

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. 


Authors and Affiliations

  • Harvard University, Cambridge, USA

    Chunlei Tang

About the author

Chunlei Tang, Ph.D., is a research fellow at Harvard University. She proposed the concept of “the Data Industry” (in 2013), who is the author of The Data Industry: The Business and Economics of Information and Big Data (published June 2016 by John Wiley & Sons, Inc.). Her passion lies at the interface of Data Science along with its applications and Economics.



Bibliographic Information

  • Book Title: Data Capital

  • Book Subtitle: How Data is Reinventing Capital for Globalization

  • Authors: Chunlei Tang

  • DOI: https://doi.org/10.1007/978-3-030-60192-8

  • Publisher: Springer Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer Nature Switzerland AG 2021

  • Hardcover ISBN: 978-3-030-60191-1Published: 01 February 2021

  • Softcover ISBN: 978-3-030-60194-2Published: 02 February 2022

  • eBook ISBN: 978-3-030-60192-8Published: 31 January 2021

  • Edition Number: 1

  • Number of Pages: XV, 376

  • Number of Illustrations: 3 b/w illustrations, 40 illustrations in colour

  • Topics: Political Economy/Economic Systems, Big Data/Analytics, Capital Markets

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