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. What was the title of Veblen's first book?

2. In what year did Keynes publish his Tract on Monetary Reform?

3. Schumpeter's book makes a distinction between ___________ successes and sociological successes. (fill in the blank)

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

5. The outright fraud used by wealthy Americans was referred to in publications as __________. (fill in the blank)

Short Essay Questions

1. What was the background of Thorstein Veblen?

2. What was the premise of Veblen's book, The Theory of the Leisure Class?

3. What connection does Schumpeter make between capitalism and sociological success?

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

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

6. What kind of tax did Henry George propose?

7. What was the premise of The Communist Manifesto?

8. Which of Marx's concepts turned out to be true?

9. What was Keynes theory about savings?

10. What is Keynes's theory in Tract on Monetary Reform?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Why did Keynes think business cycles had to be countered by government intervention? What did he call this and what did he propose governments do? How did this vary from Adam Smith's views?

Essay Topic 2

What was the main thrust of The Communist Manifesto, and why did it have such a long-term impact on society?

Essay Topic 3

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.

(see the answer keys)

This section contains 871 words (approx. 3 pages at 300 words per page) View a FREE sample