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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. What were the economic thinkers of the Victorian period known as?

2. Schumpeter presents his views about the 1930's in his book called __________. (fill in the blank)

3. What nationality was Veblen's family?

4. Veblen was fascinated with how society was dominated by __________. (fill in the blank)

5. Hobson's views fit right into the views of whom?

Short Essay Questions

1. What was the surplus value theory?

2. What was the background of Thorstein Veblen?

3. What was dialectical materialism?

4. What was Keynes theory about savings?

5. What is Joseph Schumpeter's background?

6. What is the premise of Joseph Schumpeter's The Theory of Economic Development?

7. What was the background of Friedrich Engels?

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

9. What is the background of John Maynard Keynes?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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

Essay Topic 2

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

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)

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