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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. Where did Karl Marx and Friedrich Engels meet?

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

3. According to Engels and Marx, what does "dialectical" mean?

4. What did Veblen call individual churches?

5. The Communist Manifesto was the platform for _________. (fill in the blank)

Short Essay Questions

1. How did Frederic Bastiat ridicule economics?

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

3. What was the background of Karl Marx?

4. What kind of tax did Henry George propose?

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

6. What was the background of Thorstein Veblen?

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

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

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

10. What was the background of Friedrich Engels?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Use at least four of the worldly philosophers to discuss this statement: "History is basically the history of changes that take place in thinking and economics is basically a theory of historical movement."

Essay Topic 2

Discuss the following statement in terms of its significance to both Keynes' theories and economic conditions of 2007-2008: "In retrospect, it was inevitable. The stock market had been built on a honeycomb of loans that could bear just so much strain and no more. And more than that, there were shaky timbers and rotten wood in the foundation that propped up the magnificent show of prosperity."

Essay Topic 3

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.

(see the answer keys)

This section contains 990 words (approx. 4 pages at 300 words per page) View a FREE sample