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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. In what year is Schumpeter's book Capitalism, Socialism and Democracy published?

2. The world of economics was subject to the ridicule of whom?

3. When investment is less than ___________ , there is depression. (fill in the blank)

4. How many years did it take Marx to write Capital?

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

Short Essay Questions

1. What were Veblen's views on capitalism in The Theory of Business Enterprise?

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

3. What was dialectical materialism?

4. What was the surplus value theory?

5. Why did Keynes decide his Treatise on Money was incorrect?

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

7. What was Keynes theory about savings?

8. What kind of tax did Henry George propose?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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

Essay Topic 2

How successful were the worldly philosophers in determining how the role of order and meaning functions within the context of social history? Support your answer with evidence and examples.

Essay Topic 3

In your opinion, who was the most influential of the worldly philosophers and why? Discuss his theories to support your opinion.

(see the answer keys)

This section contains 955 words (approx. 4 pages at 300 words per page) View a FREE sample