Titlebook: Keynes, Investment Theory and the Economic Slowdown; The Role of Replacem Michael Perelman Book 1989 Michael A. Perelman 1989 economics.Inv

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情感

Book 1989This 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.

Bernstein-test

https://doi.org/10.1007/978-1-349-19940-2economics; Investment; John Maynard Keynes; Keynesian economics; investments and securities

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Sedative

Overview: 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.978-1-349-19942-6978-1-349-19940-2

吼叫

Replacement Investment Theory,Investment is the engine of a capitalist economy. Replacement investment is the most important component of investment. In Hayek’s words:

Obstacle

The q-Theory and Replacement Investment: A Cursory Look at the Replacement Decision,In this chapter, I will develop a theoretical framework to discuss the changing degree to which firms resist scrapping capital goods. This analysis builds on the futures market for capital services, the q-theory, and a small number of elementary principles.

NEEDY

寬宏大量

Conclusion,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.