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Keynes, Investment Theory and the Economic Slowdown

Keynes, Investment Theory and the Economic Slowdown

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9781349199426
Condition
New
Product Description

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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