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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. Why does Keynes resign his position from the Peace Conference?

2. What was the name of Marx's devoted wife?

3. It was rumored that Veblen was fluent in how many languages?

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

5. What nationality was Veblen's family?

Short Essay Questions

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

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

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

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

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

6. What is the background of John Maynard Keynes?

7. What was Veblen's theory about the Savage Society?

8. How did Frederic Bastiat ridicule economics?

9. What was the background of Thorstein Veblen?

10. What was Francis Ysidro Edgeworth's theory?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What are Veblen's theories on capitalism and how were they received by society at the time?

Essay Topic 2

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 3

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.

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