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

By Michael Perelman

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 1349199427
• ISBN13: 9781349199426
• Release Date: January 1989
• Publisher: Palgrave MacMillan
• Length: 298 Pages
• Weight: 0.88 lbs.
• Dimensions: 0.7" x 5.5" x 8.5"