The Worldly Philosophers Test | Final Test - Medium

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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Henry George's views were published in his book called __________. (fill in the blank)
(a) The Condition of the Working Class.
(b) The Wealth of Nations.
(c) Principles of Political Economy.
(d) Progress and Poverty.

2. Hobson's views fit right into the views of whom?
(a) Lenin.
(b) Hitler.
(c) Stalin.
(d) Churchill.

3. Having spent some time in South Africa, Hobson returned to England and wrote what book?
(a) Imperialism.
(b) Capitalism.
(c) Capital.
(d) Progress.

4. Marx's radicalism was ____________ rather than political. (fill in the blank)
(a) Philosophical.
(b) Religious.
(c) Theoretical.
(d) Educational.

5. How does Schumpeter approach economics in a unique way in his book?
(a) He looks at an economy without any economic growth.
(b) He looks at an economy with great economic growth.
(c) He looks at an economy without any imperialsim.
(d) He looks at an economy without any innovation.

Short Answer Questions

1. Veblen was considered by the academic world to be what?

2. What was the name of the publication of Engels' impressions after working for his father's textile business in England?

3. When investment is less than ___________ , there is depression. (fill in the blank)

4. What did President Hoover think would be banished from the nation in the late 1920's?

5. It was rumored that Veblen was fluent in how many languages?

Short Essay Questions

1. What was Veblen's theory about the Savage Society?

2. What is the premise of Joseph Schumpeter's The Theory of Economic Development?

3. What was the background of Thorstein Veblen?

4. What was Joseph Schumpeter's theory about the Great Depression?

5. What was the background of Karl Marx?

6. What connection does Schumpeter make between capitalism and sociological success?

7. Why did Thorstein Veblen feel compelled to write about American economics?

8. What was dialectical materialism?

9. What was the economic situation in the early 1900's in America?

10. How did Frederic Bastiat ridicule economics?

(see the answer keys)

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