Abstract
Keynes’ notion that asset values were an appropriate vehicle to control the economy rested on several pillars: first, asset prices moved more quickly than other prices. Second, these prices need not reflect the underlying economic fundamentals. Third, the economy is capable of functioning smoothly when managed correctly. Finally, someone has to be wise enough to know how to guide the economy.
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© 1989 Michael A. Perelman
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Perelman, M. (1989). Conclusion. In: Keynes, Investment Theory and the Economic Slowdown. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19940-2_6
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DOI: https://doi.org/10.1007/978-1-349-19940-2_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-19942-6
Online ISBN: 978-1-349-19940-2
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