The development of game theory was the work of
A)Joan Robinson and Edward Chamberlin.
B)John von Neumann and Oskar Morgenstern.
C)Wassily Leontief and Joseph Schumpeter.
D)John Maynard Keynes.

Question

Quizplus · Accepted Answer

John von Neumann and Oskar Morgenstern developed game theory in their book "Theory of Games and Economic Behavior" in 1944. Joan Robinson and Edward Chamberlin contributed to the development of monopolistic competition theory. Wassily Leontief developed input-output analysis and Joseph Schumpeter contributed to the study of innovation and entrepreneurship. John Maynard Keynes is known for his contributions to macroeconomic theory.

The Development of Game Theory Was the Work of