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 did Veblen call individual churches?

2. Keynes received an appointment to a Royal Commission studying what?

3. What was Henry George a believer in?

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

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

Short Essay Questions

1. What was Francis Ysidro Edgeworth's theory?

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

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

4. How did Frederic Bastiat ridicule economics?

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

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

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

8. What is the background of John Maynard Keynes?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Both Malthus and Ricardo painted dreary pictures of the economic situation of their times. Discuss their individual theories and how they differed, as well as how the men themselves differed. Use specific evidence from the book to support your analysis.

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

How did Marx teach us "not just to look at, but through, history"? What aspects of Marx's theories are still valid today?

(see the answer keys)

This section contains 987 words (approx. 4 pages at 300 words per page) View a FREE sample