Conclusion

Michael Perelman

Chapter 6 in Keynes, Investment Theory and the Economic Slowdown, 1989, pp 244-245 from Palgrave Macmillan

Abstract: 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.

Keywords: Asset Price; Capital Stock; Capital Good; Equity Market; Portfolio Approach (search for similar items in EconPapers)
Date: 1989
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Chapter: Conclusion (1996)
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DOI: 10.1007/978-1-349-19940-2_6

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