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

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

1st Edition 1989

Paperback (01 Jan 1989)

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Publisher's Synopsis

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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Palgrave Macmillan

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Book information

ISBN: 9781349199426
Publisher: Palgrave Macmillan UK
Imprint: Palgrave Macmillan
Pub date:
Edition: 1st Edition 1989
Language: English
Number of pages: 298
Weight: 399g
Height: 216mm
Width: 140mm
Spine width: 18mm