Econ434matching - more limited one with decentralized...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Matching & Miscellaneous Practice Questions History of Economic Thought 1. Matching: Neatly draw arrows to identify the school of thought that best specifically encompasses the ideas of these economic thinkers. 60 points David Ricardo Austrian economics John Kenneth Galbraith William Stanley Jevons Socialist theory Thomas More Karl Marx Keynesian macroeconomics Joseph Schumpeter Abba Lerner American Institutionalism Paul Samuelson Leon Walras Classical Economics Thorstein Veblen H.K.E. von Mangoldt Neoclassical economics Adam Smith 2. Neatly draw arrows to identify whether the following goods tend to be rival or nonrival, and whether exclusion or nonexclusion is more characteristic of the good. 60 points
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
3. Neatly draw arrows to indicate whether these thinkers favored a relatively larger role for centralized decisionmaking (government) in economic decisionmaking or a relatively
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: more limited one, with decentralized decisionmaking. 30 points 4. Use capital letters to match these economists with the schools of thought with whom they would be closest and most uniquely associated. John Baptiste Say A. utilitarianism St. Thomas Aquinas B. “high” theory Milton Friedman C. general equilibrium analysis Veblen, Ayres, Commons, and Galbraith D. public choice theory Akerlof, Spence, and Stiglitz E. medieval scholasticism Leon Walras and Vilfredo Pareto F. Austrian economics Paul Samuelson and Kenneth Arrow G. classical macroeconomics James Mill and John Stuart Mill H. Quantity Theory of Money Eugen Böhm-Bawerk and Carl Menger I. American Institutionalism James Buchanan and Gordon Tullock J. economics of information...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern