Which Economist Created the Theory of Creative Destruction

question 24

Multiple Choice

Which economist created the theory of creative destruction?

• A)William Nordhaus
• B)Joseph Schumpeter
• C)Adam Smith
• D)Milton Friedman

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Definitions:

Peer Review

The process of having one’s research reviewed by other researchers in the author’s field prior to publication. See also refereeing.

Belmont Report

A report by the National Commission for the Protection of Human Subjects of Biomedical and Behavioral Research. It outlines three basic ethical principles—autonomy, beneficence, and justice—covering research with human subjects.

IRB Review

The process wherein an Institutional Review Board evaluates research proposals to ensure ethical standards are met, particularly in regard to participant safety and consent.

Common Rule

The Federal Policy for the Protection of Human Subjects. Shared standards adopted by federal agencies for the protection of human research subjects.