18 Questions
What was the prevailing economic theory of the state before 1776?
Mercantilism
According to Robert Gilpin, what are the two forms of mercantilism?
Defensive and Aggressive
What is the primary goal of mercantilism, according to the text?
To build a strong state
What is the relationship between economic strength and military-political power, according to mercantilism?
They are complementary
What is the outcome of the international system, according to mercantilism?
A zero-sum game
What is the main difference between mercantilism and liberalism, according to the text?
Liberals believe states can choose between economic and military power
According to Marxist theory, what is the driving force of human society?
Economic class
What is a problem associated with free markets, according to the text?
Creation of monopolies
What is the title of the book written by Karl Marx and Friedrich Engels?
The Communist Manifesto
What is a consequence of companies using 'free goods' such as air and fresh water?
Shortages and pollution
What is a criticism of free markets, according to the text?
They create a large underclass of very poor
What is the main idea of Marxist theory in relation to human nature?
Humans are naturally inclined to work together peacefully
According to Marxist Theory, what is the primary motivation behind wars?
Profit for the wealthy class
What is the main argument of Dependency Theory?
Countries cannot develop if wealthy countries invest in them and control their businesses.
According to Marxist Theory, what is the ultimate outcome of the class struggle?
The spread of communism.
What is the main critique of liberalism and realism in Marxist and World Systems Theories?
They underestimate the role of wealth and who controls it.
According to World Systems Theory, how do countries interact with each other?
Each country acts according to its position in the economic system.
What is the primary driver of human behavior according to Marxist Theory?
The drive for wealth
Explore the concepts of mercantilism and protectionism, including their role in shaping economic policies and international trade. Learn about the historical context and implications of these theories.
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