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Keynes, Investment Theory and the Economic Slowdown: The Role of Replacement Investment and Q-Ratios
Michael Perelman (Autor)
·
Palgrave Macmillan
· Tapa Dura
Keynes, Investment Theory and the Economic Slowdown: The Role of Replacement Investment and Q-Ratios - Michael Perelman
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Reseña del libro "Keynes, Investment Theory and the Economic Slowdown: The Role of Replacement Investment and Q-Ratios"
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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