Economics
Topic 4: Late 19th Century Theories
1. Continental thought in the early 19th Century was shaped by a philosophy that rejected material things in favor of a search for inner truth. This philosophy was (a) Cartesian rationalism. (b) classical economics. (c) Marxian economics. (d) social rationalism. (e) dialectical materialism.
2. A school of thought influenced by Auguste Comte’s determinism, and which contended that Ricardians “confined the observations on which they based their reasoning to the small portion of the earth’s surface by which they were immediately surrounded,” and that economists “should instead study successive states of society to discover the laws of social affiliation,” was known as.: (a) Austrian theory. (b) Walrasian theory. (c) syndicalism. (d) British historicism. (e) Marxism.
3. Not among criticisms launched by British historicists at classical theory based on Ricardian notions was that: (a) major assumptions often lacked empirical justification. (b) interpretations of economic development were more or less useless outside of Great Britain. (c) classical theorists relied too heavily on “deterministic” theories of change. (d) classical theorists did not combine history and theory appropriately.
4. Stress on the concept of “… a necessary and continuous movement of humanity toward a teleological and predictable end,” is associated with: (a) Ricardian economics. (b) Marxism, the logical positivism of Auguste Comte, and the British historicists. (c) Walrasian general equilibrium theory. (d) the Social Darwinism of William Graham Sumner and Herbert Spencer.
5. Historicists and Marxists would tend to agree that: (a) society is continuously moving toward a teleological and predictable end. (b) distribution should be handled by a central authority. (c) induction and statistical verification are preferable to deduction and unverified abstraction. (d) class conflict is the root of economic and political evolution. (e)
1. Continental thought in the early 19th Century was shaped by a philosophy that rejected material things in favor of a search for inner truth. This philosophy was (a) Cartesian rationalism. (b) classical economics. (c) Marxian economics. (d) social rationalism. (e) dialectical materialism.
2. A school of thought influenced by Auguste Comte’s determinism, and which contended that Ricardians “confined the observations on which they based their reasoning to the small portion of the earth’s surface by which they were immediately surrounded,” and that economists “should instead study successive states of society to discover the laws of social affiliation,” was known as.: (a) Austrian theory. (b) Walrasian theory. (c) syndicalism. (d) British historicism. (e) Marxism.
3. Not among criticisms launched by British historicists at classical theory based on Ricardian notions was that: (a) major assumptions often lacked empirical justification. (b) interpretations of economic development were more or less useless outside of Great Britain. (c) classical theorists relied too heavily on “deterministic” theories of change. (d) classical theorists did not combine history and theory appropriately.
4. Stress on the concept of “… a necessary and continuous movement of humanity toward a teleological and predictable end,” is associated with: (a) Ricardian economics. (b) Marxism, the logical positivism of Auguste Comte, and the British historicists. (c) Walrasian general equilibrium theory. (d) the Social Darwinism of William Graham Sumner and Herbert Spencer.
5. Historicists and Marxists would tend to agree that: (a) society is continuously moving toward a teleological and predictable end. (b) distribution should be handled by a central authority. (c) induction and statistical verification are preferable to deduction and unverified abstraction. (d) class conflict is the root of economic and political evolution. (e)