Final Exam

Course Number: 


Directions: Choose one question from each group (I, II, III, IV). Each response should be between 375-500 words (one and a half to two pages, typed, double spaced).  Each essay should be organized around a thesis statement, and the supoprting argument should be as specific as possible, citing readings as needed.  

Exams are due in class during the scheduled final time, Thursday, April 18th at 2pm.

Group I

1.     Defend or criticize the following statement: "Debt is an idea inherently grounded in morality."

2.     What is the difference between a debt and an obligation? Why is the distinction an important one?

3.     The Axial Age saw not only the widespread use of coinage, but the widespread appearance of "reasoned inquiry." What's the connection?


Group II

1.     Discuss Polanyi's forms of integration, and connect each to the idea of debt.

2.     Discuss Neale's "levels" for defining money—money as stuff, money as process, and money as idea. Which one(s) help explain the idea of debt the most?

3.     Defend or criticize the following statement: "The existence of markets implies the existence of capitalism."


Group III

1.     Explain how credit card debt could be explained using Veblenian analysis.

2.     Discuss the current state of student loan debt. Would you recommend that student loans be forgiven? Why or why not?

Group IV

1.     Write a thoughtful, well-reasoned defense of Andrew Jackson's assertion that the national debt is a national curse.

2.     Compare and contrast the LDC debt crisis with both personal debt and national debt. How is international debt different than the other two? In what ways are they similar?