Keynes, Investment Theory and the Economic Slowdown

The Role of Replacement Investment and q-Ratios

  • MichaelĀ Perelman

Table of contents

  1. Front Matter
    Pages i-x
  2. Michael Perelman
    Pages 1-46
  3. Michael Perelman
    Pages 47-102
  4. Michael Perelman
    Pages 103-155
  5. 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.


economics Investment John Maynard Keynes Keynesian economics

Authors and affiliations

  • MichaelĀ Perelman
    • 1
  1. 1.California State UniversityChicoUSA

Bibliographic information

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