The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process — Joseph A. Schumpeter Copy Share Image
Gentlemen, a depression is for capitalism like a good, cold douche. — Joseph A. Schumpeter Copy Share Image
The evolution of the capitalist style of life could be easily - and perhaps most tellingly - described in terms of the… — Joseph A. Schumpeter Copy Share Image
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest. — Joseph A. Schumpeter Copy Share Image
The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism. — Joseph A. Schumpeter Copy Share Image
The capitalist engine is first and last an engine of mass production which unavoidably also means production for the masses. . .… — Joseph A. Schumpeter Copy Share Image
Capitalism Survive?—I have tried to show that a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist… — Joseph A. Schumpeter Copy Share Image
In economic life competition is never completely lacking, but hardly ever is it perfect. — Joseph A. Schumpeter Copy Share Image
Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones — Joseph A. Schumpeter Copy Share Image
All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that… — Joseph A. Schumpeter Copy Share Image
The religious quality of Marxism also explains a characteristic attitude of the orthodox Marxist toward opponents. To him, as to any believer in a… — Joseph A. Schumpeter Copy Share Image
Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous… — Joseph A. Schumpeter Copy Share Image
I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a… — Joseph A. Schumpeter Copy Share Image
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. — Joseph A. Schumpeter Copy Share Image
Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [...] is at the center of practically… — Joseph A. Schumpeter Copy Share Image
