Podcast
Questions and Answers
What might Adam Smith claim about his devotion to moral economy?
What might Adam Smith claim about his devotion to moral economy?
- He advocated for total laissez faire.
- He supported the US Treasury's proposal to allocate more money to buying bad debts.
- He proposed deficit spending to resolve the economic crisis.
- He was appalled at sub-prime loans to fiscally insecure people. (correct)
How might Marx react to modern financial capitalism?
How might Marx react to modern financial capitalism?
- He would be pleased to see its success.
- He would take pleasure in its foundering on its contradictions. (correct)
- He would be devastated by its failure.
- He would be indifferent to its outcomes.
What might Schumpeter lecturing us about the current economic crisis?
What might Schumpeter lecturing us about the current economic crisis?
- The importance of austerity measures.
- The need for immediate government intervention.
- The benefits of nationalizing key industries.
- The necessity of swallowing another decade of serious depression. (correct)
What might Keynes be uneasy about in the current economic situation?
What might Keynes be uneasy about in the current economic situation?
What is a concern about the proposed US Treasury plan?
What is a concern about the proposed US Treasury plan?
What is a primary concern for Keynes regarding the US Treasury's proposal?
What is a primary concern for Keynes regarding the US Treasury's proposal?
What is a likely consequence of the US Treasury's plan, according to the passage?
What is a likely consequence of the US Treasury's plan, according to the passage?
What is implied about the economic situation of the east Asian quartet?
What is implied about the economic situation of the east Asian quartet?
What is a possible consequence of the current economic crisis, according to Schumpeter?
What is a possible consequence of the current economic crisis, according to Schumpeter?
What is a characteristic of Marx's response to the current economic crisis, according to the passage?
What is a characteristic of Marx's response to the current economic crisis, according to the passage?
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