Arrange earlier to latest: A.The Logic of Investment Planning—Sukhamoy Chakravarti B.Choice of…
Alfred Marshall's treatment of marginal utility belongs to his Principles of Economics (1890), the earliest of these works. Jan Tinbergen set out the use of shadow prices…
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Arrange earlier to latest: A.The Logic of Investment Planning—Sukhamoy Chakravarti B.Choice of Techniques—Amartya Sen C.Shadow Price—Jan Tinbergen D.The Tragedy of the Commons—G.Hardin E.Marginal Utility—Alfred Marshall
Answer and explanation
Correct answer B
Alfred Marshall's treatment of marginal utility belongs to his Principles of Economics (1890), the earliest of these works. Jan Tinbergen set out the use of shadow prices for project appraisal in The Design of Development (1958). Sukhamoy Chakravarty's The Logic of Investment Planning appeared in 1959, Amartya Sen's Choice of Techniques in 1960 and Garrett Hardin's 'The Tragedy of the Commons' in Science in 1968. The order is Marshall, Tinbergen, Chakravarty, Sen, Hardin; every other sequence places Marshall after one of the twentieth-century works.
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UGC NET Economics