In 1936 economic theory changed dramatically with the publication of:
A) The General Theory of Employment, Interest, and Money, by John Maynard Keynes.
B) The Wealth of Nations, by Adam Smith.
C) The Road to Serfdom, by F. A. Hayek.
D) Principles of Economics, by Paul Samuelson.

Question

Quizplus · Accepted Answer

The General Theory of Employment, Interest, and Money, by John Maynard Keynes, challenged the classical economic thinking of laissez-faire and argued for government intervention in the economy to stabilize output and employment levels. It had a significant impact on economic policy and helped shape the modern macroeconomic theory.

In 1936 Economic Theory Changed Dramatically with the Publication Of