Keynes, Investment Theory and the Economic Slowdown: The Role of Replacement Investment and q-Ratios

Perelman, Michael

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.

Details

Published by: Palgrave Macmillan

Publication Date: 1989-01-01

Format: Paperback

ISBN-13: 9781349199426

DOI: 10.1007/978-1-349-19940-2

Dimensions: 216.0cm x140.0cm

Pages: 298.0