Question

Who is the author of "The General Theory of Employment, Interest and Money"?

• A. Adam Smith
• B. David Ricardo
• C. J.S. Mill
• D. John Maynard Keynes

Hint:

Remember: Keynes = "General Theory (1936)"; Adam Smith = "Wealth of Nations (1776)"; Ricardo = comparative advantage; Mill = political economy principles.

Answer 1

The Correct Option is D

Step 1: Recall the book.
"The General Theory of Employment, Interest and Money" was published in 1936 by John Maynard Keynes.
Step 2: Contribution.
This work laid the foundation of modern macroeconomics. Keynes challenged classical economics by arguing that aggregate demand determines the overall level of employment and output, especially during depressions.
Step 3: Elimination of wrong options.
- (A) Adam Smith → known for "Wealth of Nations" (1776).
- (B) David Ricardo → famous for "Principles of Political Economy" and comparative advantage theory.
- (C) J.S. Mill → author of "Principles of Political Economy" (1848).
Final Answer: \[ \boxed{\text{John Maynard Keynes}} \]