The most influential economics book, the “General Theory of Employment, Interest and Money” of the twentieth century written by John Maynard Keynes, was published in the year ______.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → 1936
The classical economists held that everyone ready to work would find a job and every factory would run at full capacity. The Great Depression of 1929, with idle factories and mass unemployment, broke that belief. Keynes explained it in The General Theory of Employment, Interest and Money, published in 1936, and macroeconomics grew into a separate branch of economics after it.
Note: A same/similar question was asked in CUET (UG) in the papers below.
| 2026 | 2025 | 2024 | 2023 | 2022 |
| 24-05 S1 | 22-05 S2* 28-05 S1* | – | – | – |
* A similar question.
NCERT (2025-26): “1.1 Emergence of Macroeconomics … 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.” |