Download or read book Keynes, Investment Theory and the Economic Slowdown written by Michael Perelman and published by Springer. This book was released on 1989-05-30 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.