Who is the author of "The General Theory of Employment, Interest and Money"?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → John Maynard Keynes
Macroeconomics, as a separate branch of economics, emerged after the British economist John Maynard Keynes published his celebrated book "The General Theory of Employment, Interest and Money in 1936". The dominant thinking in economics before Keynes was that all the labourers who are ready to work will find employment and all the factories will be working at their full capacity. This school of thought is known as the classical tradition