Asked by Jennifer Gonzalez on May 22, 2024
Verified
Which of the following did NOT describe landlords or entrepreneurs as economic villains?
A) Karl Marx
B) Henry George
C) Pierre-Joseph Proudhon
D) Joseph Schumpeter
Economic Villains
Individuals, organizations, or phenomena recognized for their destructive impact on economic stability, integrity, or growth.
Entrepreneurs
Individuals who create, organize, and manage a new business venture, taking on greater than normal financial risks in order to do so.
Landlords
Property owners who rent out their real estate assets to tenants in exchange for periodic payments.
- Recognize the varying views on landlords, entrepreneurs, and their economic roles as seen by various theorists.
Verified Answer
FS
Felicia SmithMay 26, 2024
Final Answer :
D
Explanation :
Joseph Schumpeter did not describe landlords or entrepreneurs as economic villains. In fact, he recognized the importance of entrepreneurial innovation and was known for his theory of "creative destruction" in which new innovations and businesses disrupt existing industries and create economic growth. Marx, George, and Proudhon, on the other hand, all criticized landlords and capitalists for exploiting the labor of workers and accumulating wealth at the expense of society.
Learning Objectives
- Recognize the varying views on landlords, entrepreneurs, and their economic roles as seen by various theorists.