Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [...] is at the center… — Joseph A. Schumpeter Copy Share Image
As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner.… — Joseph A. Schumpeter Copy Share Image
The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However,… — Joseph A. Schumpeter Copy Share Image
Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer… — 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
The capitalist achievement does not typically consist in providing more silk stocking for queens but in bringing them within the reach of… — Joseph A. Schumpeter Copy Share Image
The capitalist process shapes things and souls for socialism. — 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
