By Kolokouris
Copyright: @ 2026 Research Institute for European and American Studies (www.rieas.gr) Publication date: 11 October 2026
Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies
1. The economic inversion, 1974–2025
Since the mid-1970s we have witnessed the rise of an economy based on ideas and a corresponding decline of the economy of material goods. The transformation is clearly visible in the S&P 500. Ocean Tomo's Intangible Asset Market Value Study, which measures intangible value as market capitalisation minus net tangible assets, opens its series with the market emerging from the 1973–74 crash: at the end of 1975,.... Read more
