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  • © 1989

Keynes, Investment Theory and the Economic Slowdown

The Role of Replacement Investment and q-Ratios

Palgrave Macmillan

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-x
  2. Keynes and Crises: Before the General Theory

    • Michael Perelman
    Pages 1-46
  3. Economic Management in the General Theory

    • Michael Perelman
    Pages 47-102
  4. Replacement Investment Theory

    • Michael Perelman
    Pages 103-155
  5. Conclusion

    • Michael Perelman
    Pages 244-245
  6. Back Matter

    Pages 247-298

About this book

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.

Authors and Affiliations

  • California State University, Chico, USA

    Michael Perelman

Bibliographic Information

Buy it now

Buying options

eBook USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access