Multiple choice

Arrange the option having the right chronological order. (I) Peacock-Wiseman hypothesis (ii) Buchanan's 'An Economic Theory of Clubs' (iii) Wagner hypothesis (iv) Findaly Shirras's canons of public expenditure

  1. (i) (iii) (ii) (iv)

  2. (iii) (i) (iv) (ii)

  3. (ii) (iv) (iii) (i)

  4. (iii) (iv) (i) (ii)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The correct chronological order is: Wagner hypothesis (1880s, Adolph Wagner), Findlay Shirras's canons of public expenditure (early 1900s), Peacock-Wiseman hypothesis (1961), and Buchanan's 'An Economic Theory of Clubs' (1965). This represents the historical development of public finance theories.

Keep practicing — related questions