Arrange the following chronologically:
(A) Great Depression.
(B) The Economic Consequences of the Peace.
(C) An Enquiry into the Nature and cause of the Wealth of the Nations.
(D) The General Theory of Employment, Interest and Money.
Choose the correct answer from the options given below:
Arrange the following chronologically:
(A) Great Depression.
(B) The Economic Consequences of the Peace.
(C) An Enquiry into the Nature and cause of the Wealth of the Nations.
(D) The General Theory of Employment, Interest and Money.
Choose the correct answer from the options given below:
Solution
Option 3: (C), (B), (A), (D) -> The chronological order is: (C) 'An Enquiry into the Nature and Cause of the Wealth of Nations' by Adam Smith (1776) - the foundational text of classical economics; (B) 'The Economic Consequences of the Peace' by John Maynard Keynes (1919) - written after WWI critiquing the Treaty of Versailles; (A) Great Depression (1929-1939) - the worldwide economic crisis that began with the stock market crash; (D) 'The General Theory of Employment, Interest and Money' by Keynes (1936) - written during the Great Depression, revolutionizing macroeconomic theory. -> correct
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