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

by Michael Perelman

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.

Product Details

ISBN-13:	9781349199426
Publisher:	Palgrave Macmillan UK
Publication date:	01/01/1989
Edition description:	1st ed. 1989
Pages:	298
Product dimensions:	5.51(w) x 8.50(h) x (d)

Table of Contents

Keynes and the Crisis - Introduction - Keynes and Crises, Before the General Theory - Economic Management in the General Theory - Replacement Investment Theory - The q-Theory and Replacement Investment: A Cursory Look at the Replacement Decision - On the Application of Keynesian Economics in the United States - Conclusion - References - Index