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

Michael Perelman‏

مئی 1989 · Springer

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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.