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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. The time period Veblen analyzes is referred to as __________. (fill in the blank)
(a) The Great Depression.
(b) The Victorian Period.
(c) The Roaring Twenties.
(d) The Golden Age of America.

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

3. Eighteenth-century England thought the population to be somewhere around 5.5 million people, and it was not expected to double for approximately how many years?
(a) Seven hundred years.
(b) Five hundred years.
(c) Two hundred years.
(d) Six hundred years.

4. The early days of the industrial revolution resulted in workplace abuse, especially for ___________. (fill in the blank)
(a) Men.
(b) Women.
(c) Foreigners.
(d) Children.

5. The mistakes of economist are nothing short of _________. (fill in the blank)
(a) Rare.
(b) Inconsequential.
(c) Impossible.
(d) Calamitous.

Short Answer Questions

1. Who is to blame for the lack of glamour in the field of economics?

2. Only because man is ___________ he has succeeded. (fill in the blank)

3. Veblen's book earned him a reputation as a __________. (fill in the blank)

4. What does Heilbroner think is strange about ancient civilizations?

5. _________ was based on true wealth only being created in agriculture. (fill in the blank)

(see the answer key)

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