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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 did Marx's father hope he would study?

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

3. Henry George's views were published in his book called __________. (fill in the blank)

4. Where was Joseph Schumpeter born?

5. Henry George's favorite idea was called __________. (fill in the blank)

Short Essay Questions

1. What is the background of John Maynard Keynes?

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

3. What was Francis Ysidro Edgeworth's theory?

4. What was the background of Karl Marx?

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

6. What is Joseph Schumpeter's background?

7. What was dialectical materialism?

8. What was Keynes theory about savings?

9. What was the background of Thorstein Veblen?

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

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

What are Veblen's theories on capitalism and how were they received by society at the time?

Essay Topic 3

How did Marx and Keynes each "exert the profoundest influence on the philosophy of the capitalist system"?

(see the answer keys)

This section contains 976 words (approx. 4 pages at 300 words per page) View a FREE sample