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10 points 4. What was Joseph Schumpeter's theory regarding the building of railroads? a. How did Albert Fishlow attempt to determine the validity of Schumpeter's

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10 points 4. What was Joseph Schumpeter's theory regarding the building of railroads? a. How did Albert Fishlow attempt to determine the validity of Schumpeter's theory and what did he find? Based upon his findings, what was Fishlow's theory regarding the building of railroads? c. d. What implications do Schumpeter's and Fishlow's competing theories have for the role of government subsidies to the railroads? What evidence did Robert Fogel and Stanley Mercer find regarding the necessity of government subsidies to the railroads? e. 10 points 4. What was Joseph Schumpeter's theory regarding the building of railroads? a. How did Albert Fishlow attempt to determine the validity of Schumpeter's theory and what did he find? Based upon his findings, what was Fishlow's theory regarding the building of railroads? c. d. What implications do Schumpeter's and Fishlow's competing theories have for the role of government subsidies to the railroads? What evidence did Robert Fogel and Stanley Mercer find regarding the necessity of government subsidies to the railroads? e

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