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This quiz consists of 5 multiple choice and 5 short answer questions through The Contradictions of Joseph Schumpeter.

Multiple Choice Questions

1. Mill's book pointed out that the true province of economic law was production, not _________. (fill in the blank)
(a) Profits.
(b) Factories.
(c) Distribution.
(d) Wages.

2. "Each should do what was to his best monetary advantage" describes what system?
(a) Authority.
(b) Market.
(c) Tradition.
(d) Religion.

3. What is the most worldly of all man's activities, according to Heilbroner?
(a) The drive for companionship.
(b) The drive for wealth.
(c) The need for food.
(d) The need for religion.

4. What was the title of Veblen's first book?
(a) The Condition of the Working Class.
(b) The Theory of Business Enterprise.
(c) The Politics of Economics.
(d) The Theory of the Leisure Class.

5. Heilbroner describes a trial of a wealthy man before the church in Boston in what year?
(a) 1550.
(b) 1639.
(c) 1305.
(d) 1776.

Short Answer Questions

1. According to Heilbroner, these men who have had such an impact on society are known as _________. (fill in the blank)

2. The society that Marx believed would follow capitalism would be _________. (fill in the blank)

3. What took care of early man's inner conflict between himself and the group?

4. Keynes received an appointment to a Royal Commission studying what?

5. Robert Owen wanted to bring an end to what?

(see the answer key)

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