{"id":59194,"date":"2024-04-16T01:32:52","date_gmt":"2024-04-16T01:32:52","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=59194"},"modified":"2024-04-16T01:32:52","modified_gmt":"2024-04-16T01:32:52","slug":"who-was-the-author-of-value-and-capital","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/who-was-the-author-of-value-and-capital\/","title":{"rendered":"Who was the author of ‘Value and Capital’?"},"content":{"rendered":"

[amp_mcq option1=”R. G. D. Allen” option2=”Edwin Cannon” option3=”Irving Fisher” option4=”Allen B. Edwin Cannon C. Irving Fisher D. J. R. Hicks” correct=”option4″]<\/p>\n

The correct answer is D. J. R. Hicks.<\/p>\n

J. R. Hicks was a British economist who was born in 1904 and died in 1989. He is best known for his work on general equilibrium theory and welfare economics. He was awarded the Nobel Memorial Prize in Economic Sciences in 1972.<\/p>\n

His book, “Value and Capital”, was published in 1939. It is considered to be one of the most important works of economic theory of the 20th century. The book develops a general equilibrium theory of value and distribution. It also introduces the concept of the “Hicksian demand curve”.<\/p>\n

The other options are incorrect.<\/p>\n

A. R. G. D. Allen was a British economist who was born in 1897 and died in 1964. He is best known for his work on the theory of consumer demand.<\/p>\n

B. Edwin Cannon was an American economist who was born in 1877 and died in 1954. He is best known for his work on the theory of money and banking.<\/p>\n

C. Irving Fisher was an American economist who was born in 1867 and died in 1947. He is best known for his work on the theory of interest and inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"

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