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

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

Paperback

EconomicsInvesting & Finance

ISBN10: 1349199427
ISBN13: 9781349199426
Publisher: Springer Nature
Published: Jan 1 1989
Pages: 298
Weight: 0.88
Height: 0.70 Width: 5.50 Depth: 8.50
Language: English
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.

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