Keynes, investment theory and the economic slowdown: the role of replacement investment and q-ratios
Auteur :
Perelman, Michael
Éditeur :
Palgrave Macmillan
ISBN :
9780333464960
Date de publication :
30 mai 1989
Dimensions :
21,6 x 14,0 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.