Arrange the following in chronological order, starting from the earliest.
(A) Publishing of 'An inquiry into the Nature and Cause of the Wealth of Nations'.
(B) The Great Depression.
(C) Publishing of 'The Economic consequences of the Peace'.
(D) Publishing of 'General Theory of Employment, Interest and Money'.
Choose the correct answer from the options given below:
Arrange the following in chronological order, starting from the earliest.
(A) Publishing of 'An inquiry into the Nature and Cause of the Wealth of Nations'.
(B) The Great Depression.
(C) Publishing of 'The Economic consequences of the Peace'.
(D) Publishing of 'General Theory of Employment, Interest and Money'.
Choose the correct answer from the options given below:
Solution
Option 2: (A), (C), (B), (D) -> The chronological order is: (A) Adam Smith's 'Wealth of Nations' was published in 1776, marking the foundation of classical economics. (C) Keynes's 'Economic Consequences of the Peace' was published in 1919, criticizing the Treaty of Versailles. (B) The Great Depression occurred from 1929-1939, the worst economic crisis in modern history. (D) Keynes's 'General Theory' was published in 1936, revolutionizing macroeconomic thought during the Depression era. -> correct
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