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This quiz consists of 5 multiple choice and 5 short answer questions through The Heresies of John Maynard Keynes.

Multiple Choice Questions

1. _________ is concerned with finding some reason for the cosmos. (fill in the blank)
(a) Moral Philosophy.
(b) Religion.
(c) Ethics.
(d) Natural Theology.

2. In what year did Reverend Thomas Robert Malthus publish "An Essay on the Principle of Population as it Affects the Future Improvement of Society"?
(a) 1801.
(b) 1798.
(c) 1813.
(d) 1776.

3. In ancient society, there was no need for political economy or to see what made the economy function because it was all based on what?
(a) Money and taxes.
(b) Religion.
(c) Custom and tradition.
(d) Markets.

4. Eventually the market system evolved with its necessary factors of _________ for production. (fill in the blank)
(a) Religion, custom, and authority.
(b) Land, factories, and capital.
(c) Land, labor, and capital.
(d) Traditions.

5. According to Marx, workers are paid _________. (fill in the blank)
(a) A pitence.
(b) Subsistence wages.
(c) Surplus value.
(d) Profits.

Short Answer Questions

1. What is Marx's theory of valuation is called?

2. The followers of Saint-Simone proposed an end to _________. (fill in the blank)

3. Keynes defines prosperity and depression in terms of what?

4. Veblen attacked the rich as he looked for what he called the __________. (fill in the blank)

5. How many of the economists featured in the book made their own fortune?

(see the answer key)

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