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Joseph Schumpeter Flashcards | StudBud

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Joseph Schumpeter

10 terms·StudBud Administration·37 plays

Quiz based off our presentation on economist Joseph Schumpeter

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Questions 10

Answers

1
The Kitchin Inventory Cycle has a time period of...
15-25 years
3-5 years
7-11 years
45-60 years
2
What University did Joseph Schumpeter profess at in 1932?
Stanford
Princeton
Harvard
Yale
3
What is his most famous contribution?
Socialism, Democracy, and Capitalism
Capitalism, Democracy, and Socialism
Democracy, Capitalism, and Socialism
Capitalism, Socialism, and Democracy
4
Where was Schumpeter born?
Austria
America
Germany
Australia
5
Joseph Schumpeter was the first to lay out a clear concept of...
Capitalism
Entrepreneurship
Socialism
Perfect Competition
6
How old was he when he died?
All of the above
23,354 days
2,111,616,000 seconds
67 years
7
In 1947, Joseph Schumpeter was elected president of AEA. What does AEA stand for?
Alliance of Economists America
American Entrepreneurship Association
Association of Economic Assessment
American Economic Association
8
Which of the following was NOT one of Schumpeter's life goals?
Be the best horseman in all of Austria
Publish multiple books on economic theory
Be the greatest economist in the world
Greatest lover in all of Vienna
9
Schumpeter viewed the economy as a...
Political issue
Problem to be fixed
Toy ready to be played with
Living organism
10
Schumpeter argued that entrepreneurship leads to something he called...
Capitalism
Wealth
Creative Destruction
Economic prosperity