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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. Ricardo was the son of a Jewish merchant banker from _________. (fill in the blank)

2. At what university was Adam Smith on the faculty?

3. Where was New Harmony located?

4. Robert Owen wanted to bring an end to what?

5. The market system was compelled largely by what idea?

Short Essay Questions

1. Who was Count Henri de Rouvroy de Saint-Simone?

2. How did David Ricardo view society?

3. What was the cause of the creation of the labor class in England?

4. How was English society divided at the time of Adam Smith?

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

6. What factors determine a nation's wealth, according to Adam Smith?

7. What did most people in ancient societies aspire to?

8. What was New Lanark?

9. What is the proof that there is not a perfect solution to man's survival?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Who were the Utopian Socialists and what was the significance of their economic theories? Describe this group of thinkers and their contributions to economic theory and thought.

Essay Topic 2

Explain from a historical standpoint how the market system came into existence. Include specific dates, events, etc. to support your explanation.

Essay Topic 3

Explain the historical and philosophical roots of capitalism. Use specific evidence from the book to support your explanation.

(see the answer keys)

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