Michael Perelman

Keynes, Investment Theory and the Economic Slowdown

The Role of Replacement Investment and Q-Ratios

• Broschiertes 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.

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Produktdetails

• Verlag: Palgrave Macmillan / Palgrave Macmillan UK / Springer Palgrave Macmillan
• Artikelnr. des Verlages: 978-1-349-19942-6
• 1st ed. 1989
• Seitenzahl: 298
• Erscheinungstermin: 1. Januar 1989
• Englisch
• Abmessung: 216mm x 140mm x 18mm
• Gewicht: 399g
• ISBN-13: 9781349199426
• ISBN-10: 1349199427
• Artikelnr.: 44460344

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