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Paperback Keynes, Investment Theory and the Economic Slowdown: The Role of Replacement Investment and Q-Ratios Book
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ISBN: 1349199427

ISBN13: 9781349199426

Keynes, Investment Theory and the Economic Slowdown: The Role of Replacement Investment and Q-Ratios

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Format: Paperback

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Book Overview

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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Business Business & Investing Economics

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