Keynes, Investment Theory and the Economic Slowdown: The Role of Replacement Investment and q-Ratios
Description
This book integrates Keynes' observations about the q-theory into a coherent theory of replacement investment. It demonstrates why, in the absence of a significant post-war depression, business was relieved of the need to replace obsolete capital goods, leading to a period of prolonged stagnation.
Keywords
KEYNES, JOHN MAYNARD, 1883-1946MONEY
1989Book
Author(s)Michael Perelman
PublisherPalgrave Macmillan
ISBN9780333464960
LanguageEnglish
