Keynes, Investment Theory and the Economic Slowdown The Role of Replacement Investment and Q-Ratios |
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| Author:
| Perelman, Michael |
| ISBN: | 978-1-349-19942-6 |
| Publication Date: | Jan 1989 |
| Publisher: | Palgrave Macmillan Limited
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| Imprint: | Palgrave Macmillan |
| Book Format: | Paperback |
| List Price: | USD $55.00USD $169.99 |
Book Description:
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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.
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.