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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

Hardcover

Series: Role of Replacement Investment and Q-Ratios

EconomicsInvesting & Finance

ISBN10: 0333464966
ISBN13: 9780333464960
Publisher: Springer Nature
Published: May 30 1989
Pages: 298
Weight: 1.20
Height: 0.81 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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Investing & Finance