Keynes, Investment Theory and the Economic Slowdown

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Keynes, Investment Theory and the Economic Slowdown is written by Michael Perelman and published by Springer. It's available with International Standard Book Number or ISBN identification 1349199400 (ISBN 10) and 9781349199402 (ISBN 13).

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.