Notable Economists – India and World

61. Who is known for the theory of “optimal taxation” in public finance?
a) James Mirrlees
b) Kenneth Arrow
c) Peter Diamond
d) Richard Thaler

62. Who is known for the concept of “externalities” in economics?
a) Arthur Pigou
b) Ronald Coase
c) Elinor Ostrom
d) Amartya Sen

63. Who is known for the theory of “public goods” in economics?
a) Paul Samuelson
b) Robert Solow
c) Milton Friedman
d) Gary Becker

64. Who is known for the concept of “opportunity cost” in economics?
a) Friedrich Hayek
b) Milton Friedman
c) David Ricardo
d) Adam Smith

65. Who is known for the theory of “consumer surplus” in economics?
a) Alfred Marshall
b) Paul Krugman
c) John Maynard Keynes
d) Thomas Malthus