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: Identify the Book.
"The General Theory of Employment, Interest and Money," published in 1936, is attributed to John Maynard Keynes.
Step 2: Summarize the Contribution.
This seminal work established the basis of modern macroeconomics. Keynes departed from classical economics, asserting that aggregate demand is the primary driver of overall employment and output, particularly during economic downturns.
Step 3: Disqualify Incorrect Options.
- (A) Adam Smith → Author of "Wealth of Nations" (1776).
- (B) David Ricardo → Known for "Principles of Political Economy" and the theory of comparative advantage.
- (C) J.S. Mill → Author of "Principles of Political Economy" (1848).
Final Answer: \[\boxed{\text{John Maynard Keynes}}\]