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

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

3. Schumpeter's purpose is to describe where ________ originate. (fill in the blank)

4. The period that followed the stock market crash is referred to as __________. (fill in the blank)

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

Short Essay Questions

1. Why did Keynes decide his Treatise on Money was incorrect?

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

3. What was the background of Thorstein Veblen?

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

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

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

7. What is the background of John Maynard Keynes?

8. What was the flaw in capitalism according to Hobson?

9. What was Keynes theory about savings?

10. What was the background of Friedrich Engels?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Explain from a historical standpoint how the market system came into existence. Include specific dates, events, etc. to support your explanation.

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 1,042 words (approx. 4 pages at 300 words per page) View a FREE sample