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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What year did Ricardo die?

2. According to Malthus, the size of the population is limited by what?

3. Who is to blame for the lack of glamour in the field of economics?

4. According to Malthus, how did nature control the resources of the world?

5. Adam Smith left his university position to become a private tutor and traveled through which country?

Short Essay Questions

1. What is the greatest danger to survival in an advanced society?

2. How did Charles Fourier propose to reorganize the Earth he believed was characterized by chaos and unhappiness?

3. What does Heilbroner say in his introduction that the worldly philosophers did "quietly and inconspicuously"?

4. What does Heilbroner say that economists provide?

5. What is the difference between markets and the market system?

6. How did Ricardo and Malthus differ in their views?

7. How did David Ricardo view society?

8. What were the beliefs of the Saint-Simonians?

9. What is Adam Smith's Invisible Hand Theory?

10. Why does Heilbroner find it strange that people don't know about the worldly philosophers?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Why, even with all of the economic issues that confront society, are most economists not classified as worldly philosophers? Answer fully through the historical context of the great economic thinkers discussed in the book.

Essay Topic 2

Discuss in detail the two themes put forth in Adam Smith's Wealth of Nations.

Essay Topic 3

What was significant about Joseph Schumpeter's theories on innovation and entrepreneurs?

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