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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.
- Format: Inbunden
- ISBN: 9780333464960
- Språk: Engelska
- Antal sidor: 298
- Utgivningsdatum: 1989-05-01
- Förlag: Palgrave Macmillan