Michael Perelman

Keynes, Investment Theory and the Economic Slowdown (eBook, PDF)

The Role of Replacement Investment and q-Ratios

• Format: PDF

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: Springer-Verlag GmbH
• Seitenzahl: 298
• Erscheinungstermin: 30. Mai 1989
• Englisch
• ISBN-13: 9781349199402
• Artikelnr.: 45967638

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