Keynes, Investment Theory and the Economic Slowdown (Innbundet)


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Innbinding: Innbundet
Utgivelsesår: 1989
Antall sider: 308
Forlag: Palgrave Macmillan
Språk: Engelsk
ISBN/EAN: 9780333464960
Kategori: Økonomi og ledelse
Omtale Keynes, Investment Theory and the Economic Slowdown
Despite Keynes' achievement in developing his theory of monetary economy, he failed to integrate some important real effects investment into his analysis. Specifically, he neglected the role of replacement investment, although his anticipations of the q-theory laid the groundwork for a theory of replacement investment. 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, thereby leading the economy into a period of prolonged stagnation. Michael Perelman is the author of several books including "Karl Marx's Crisis Theory - Labor, Scarcity and Fictitious Capital".

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