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The following questions provide you with the opportunity to: review all lecture notes and readings; study key concepts and arguments; and elaborate concise, logical and
The following questions provide you with the opportunity to: review all lecture notes and readings; study key concepts and arguments; and elaborate concise, logical and clear arguments explaining and expanding upon political economy foundationalideas discussed in class. You are invited to practice writing short essays (3-4 paragraphs maximum length) for each question listed below. Each answer must contain relevant historical facts, meaningful ideas, and vocabulary discussed in class. 1.The working class of England in the 19th century had two forces against it, according to Marx and Engels. Which were those forces? Identify and summarize 3 arguments. 2')Equilibrium of the entire system is an impossible demand.' Define the meaning of this Marxist principle, and summarize 3 arguments that illustrate its relevance to understanding today's capitalist world economy. 3.Does Lenin's theory of imperialism have validity today? Answer yes or no, and discuss 2 arguments by drawing upon . 4.The worker sinks to the level of a commodity and becomes indeed the most wretched of commodities.' Define the meaning of this Marxist principle, and summarize 3 arguments that illustrate its relevance to understanding today's labor and working class. 5.Why does Marx's concept of 'primitive accumulation' contradict Smith's view on the origins of wealth? Identify and summarize 2 arguments by drawing upon the readings discussed in class. 6.What is alienation? Define the concept, by drawing upon 2 arguments by drawing upon 7.What is surplus value? Define the concept, by drawing upon 2 arguments by drawing upon 8.Andr Gunder Frank argued that capital is 'one single process of accumulation in world history.' Define the meaning of his statement, and summarize 3 arguments that illustrate its relevance to understanding today's capitalist world economy. 9.Marx's historical materialism created a revolution in political economy. Why? Identify and summarize 3 arguments by drawing upon the readings discussed in class. 10.Why do you think Adam Smith failed to see that poverty, inequality, and labor exploitation were becoming essential to capitalist development, in the way Marx saw it? Identify and summarize 2 arguments
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