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Can the Free Market Pick Winners?: What Determines Investment : What Determines Investment - Paul Davidson

Can the Free Market Pick Winners?: What Determines Investment

What Determines Investment

Paperback Published: 2nd December 1993
ISBN: 9781563243073
Number Of Pages: 225

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The purpose of this volume is to reopen the discussion of how to develop the economic theory of investment to better model the facts of experience and to provide policy makers with a better understanding of how capital markets work. In this final decade of the twentieth century, almost everyone agrees that human progress will be closely related to the decisions regarding the investments made to promote economic growth of output. Despite the Nobel prize work done in recent decades, economic performance in this area seems to have worsened. Clearly, a reopening of public discussion on what is required is necessary. Until we get our theory right, it is impossible to get our public policy right. This book does not promise to provide "the" correct theory. Instead, it hopes to stimulate the reader into an understanding of where we may have gone wrong, and how we might rectify our mistakes.

Introduction
The Neoclassical and a Post Keynesian theory of investmentp. 3
The investment function: five propositions in response to Professor Gordonp. 23
Financial theory and the theory of investmentp. 43
Neoclassical and Keynesian approaches to the theory of investmentp. 61
Is investing for the long term theory or just mumbo-jumbo?p. 75
Investment, capital, and finance: corporate and entrepreneurial theories of the firmp. 83
On the Keynesian investment function and the investment function(s) of Keynesp. 131
The user cost of fixed capital in Keynes' theory of investmentp. 165
Indexp. 187
About the Editorp. 193
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781563243073
ISBN-10: 1563243075
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 225
Published: 2nd December 1993
Publisher: Taylor & Francis Inc
Country of Publication: US
Dimensions (cm): 23.5 x 15.88  x 1.27
Weight (kg): 0.32

Earn 295 Qantas Points
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