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.
| ISBN: | 9781349199402 |
| Publication date: | 30th May 1989 |
| Author: | Perelman, Michael |
| Publisher: | Palgrave Macmillan UK |
| Format: | Ebook |
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.
Keynes, Investment Theory and the Economic Slowdown is available in Ebook
Keynes, Investment Theory and the Economic Slowdown was written by Perelman, Michael and published by Palgrave Macmillan UK
£129.50