Michael Perelman

Keynes, Investment Theory and the Economic Slowdown

The Role of Replacement Investment and Q-Ratios

• Gebundenes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Palgrave Macmillan / Palgrave Macmillan UK / Springer Palgrave Macmillan
• Artikelnr. des Verlages: 978-0-333-46496-0
• 1989
• Seitenzahl: 298
• Erscheinungstermin: 30. Mai 1989
• Englisch
• Abmessung: 216mm x 140mm x 21mm
• Gewicht: 470g
• ISBN-13: 9780333464960
• ISBN-10: 0333464966
• Artikelnr.: 44432326

Inhaltsangabe

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