I. Introduction, 533. — II. Financial intermediaries and commercial banks, 533. — III. Possible destabilizing effects of intermediaries, 538; substitutions between money and intermediary claims, 540; portfolio shifts by intermediaries, 546. — IV. Concluding comments, 551.

I. Introduction, contributions to investment theory, 61. — II. Capital inputs in production theory, 62. — III. Production, using capital goods, with a fixed replacement policy, 66. — IV. Replacement theory, 72. — V. A theory of investment, replacement, and production, 77. — VI. “Overcapacity” and the dynamics of production, 80.— VII. Investment demand and the “acceleration principle,” 83. — VIII. Summary, 86.

Peer Reviewed