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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. Veblen attacked the rich as he looked for what he called the __________. (fill in the blank)
(a) Economic man.
(b) Greedy man.
(c) Earnest man.
(d) Honest man.

2. What does Heilbroner think is strange about ancient civilizations?
(a) There were no rulers.
(b) There was no currency.
(c) There were no economists.
(d) There was no plan for survival.

3. One of the featured economists was never more than what?
(a) A traveling salesman.
(b) A hack.
(c) A drunk.
(d) An insurance salesman.

4. Hobson's views fit right into the views of whom?
(a) Stalin.
(b) Churchill.
(c) Hitler.
(d) Lenin.

5. John Stuart Mill's book was written when he was in his forties. What is the name of the book?
(a) The Wealth of Nations.
(b) Principles of Economic Success.
(c) Essay on the Principles of Population.
(d) Principles of Political Economy.

Short Answer Questions

1. What did President Hoover think would be banished from the nation in the late 1920's?

2. Veblen was fascinated with how society was dominated by __________. (fill in the blank)

3. When were Schumpeter's theories considered true?

4. To Heilbroner, what is the common denominator at the core of these men with diverse backgrounds?

5. According to Schumpeter, a(n) __________ of some sort results in a flow of income that does not come from labor or other resource owners.

(see the answer key)

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