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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. Owen's idea was totally contrary to the doctrine of _________. (fill in the blank)
(a) Democracy.
(b) The Law of Accumulation.
(c) Physiocracy.
(d) Laissez-faire.

2. Schumpeter's purpose is to describe where ________ originate. (fill in the blank)
(a) Wages.
(b) Profits.
(c) Incomes.
(d) Investments.

3. What helped bring an end to the religiousness of the population in Europe?
(a) The Industrial Revolution.
(b) The Italian Renaissance.
(c) The death of the pope.
(d) Foreign exploration.

4. According to Ricardo, which class was the only class in English society which could benefit from its hold on grain prices?
(a) Agricultural.
(b) Poverty.
(c) Industial.
(d) Landholding.

5. Adam Smith defined wealth in terms of what?
(a) Gold.
(b) Goods.
(c) Land.
(d) Produce.

Short Answer Questions

1. By what year had crops reached near famine levels in England?

2. The period that followed the stock market crash is referred to as __________. (fill in the blank)

3. In The Wealth of Nations, _________ are used as examples of how the market functions. (fill in the blank)

4. What did Marx's father hope he would study?

5. It was rumored that Veblen was fluent in how many languages?

(see the answer key)

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