The rate of investment – the speed at which investors wish to increase the capital stock – should be related, if to anything, to q, the value of capital relative to its replacement cost. (James Tobin)

The rate of investment – the speed at which investors wish to increase the capital stock – should be related, if to anything, to q, the value of capital relative to its replacement cost.

James Tobin

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anything capital cost increase investment rate relative replacement should speed stock value wish

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