View a FREE sample

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

Short Answer Questions

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

2. During the Victorian era, the field of study became known as economics and not ___________. (fill in the blank)

3. As imperialism waned or changed, what came into being?

4. Marx's radicalism was ____________ rather than political. (fill in the blank)

5. Having spent some time in South Africa, Hobson returned to England and wrote what book?

Short Essay Questions

1. What was the surplus value theory?

2. What was the basic focus of Marx's Capital?

3. What was Keynes theory about savings?

4. What is the background of John Maynard Keynes?

5. What was dialectical materialism?

6. What is Joseph Schumpeter's background?

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

8. Why was John A. Hobson labeled at heretic?

9. What was the flaw in capitalism according to Hobson?

10. What was the background of Karl Marx?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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

Essay Topic 2

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 3

Who were the underground economists? What were their theories? What was the historical significance of these theories?

(see the answer keys)

This section contains 958 words (approx. 4 pages at 300 words per page) View a FREE sample