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. How old was Veblen when he got his first paying job?

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

3. Where was Veblen raised on a farm?

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

5. What book did Schumpeter write while working for an Egyptian princess?

Short Essay Questions

1. What was the premise of The Communist Manifesto?

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

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

4. How did Frederic Bastiat ridicule economics?

5. What was dialectical materialism?

6. What was the background of Thorstein Veblen?

7. What was the surplus value theory?

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

9. What is Joseph Schumpeter's background?

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

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

In your opinion, who was the most influential of the worldly philosophers and why? Discuss his theories to support your opinion.

Essay Topic 3

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

(see the answer keys)

This section contains 843 words (approx. 3 pages at 300 words per page) View a FREE sample