Answer the following statement(s) true (T) or false (F)

1. Like Marx, Joseph Schumpeter thought capitalism would ultimately transform into socialism.
2. Like Marx, Joseph Schumpeter thought the structures of capitalism were unsound.
3. Like many economists who worked in Europe during early in the 20th century, Schumpeter became a “true believer” in Marxian theory.
4. Like many economists who worked in Europe during early in the 20th century, Schumpeter dismissed Marxian theory without ever giving it serious attention.
5. Schumpeter thought the rationalization described by Max Weber was antithetical to entrepreneurship.


1. True
2. False
3. False
4. False
5. True

Sociology

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