--- title: "10 Capitalist Quotes By Joseph A. Schumpeter" description: "10 Capitalist quotes by Joseph A. Schumpeter. Plus more from Joseph A. Schumpeter and more Capitalist sayings from other authors." image: "https://sms4smile.com/quotes/i/382/joseph-a-schumpeter-9723_capitalism_the-capitalist-process-shapes-things-and_2525590.jpg" --- > [The capitalist process shapes things and souls for socialism.](https://sms4smile.com/quotes/joseph-a-schumpeter/the-capitalist-process-shapes-things-and-souls-for-socialism/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/382/joseph-a-schumpeter-9723_capitalism_the-capitalist-process-shapes-things-and_2525590.jpg) > [Economic progress, in capitalist society, means turmoil.](https://sms4smile.com/quotes/joseph-a-schumpeter/economic-progress-in-capitalist-society-means-turmoil/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/c06/joseph-a-schumpeter-9723_capitalism_economic-progress-in-capitalist-society_549861.jpg) > [The evolution of the capitalist style of life could be easily - and perhaps most tellingly - described in terms of the…](https://sms4smile.com/quotes/joseph-a-schumpeter/the-evolution-of-the-capitalist-style-of-life-could-be-easily-and/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/5ec/joseph-a-schumpeter-9723_capitalism_the-evolution-of-the-capitalist-style-of_1510700.jpg) > [Capitalism Survive?—I have tried to show that a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist…](https://sms4smile.com/quotes/joseph-a-schumpeter/capitalism-survive-i-have-tried-to-show-that-a-socialist-form-of/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/461/joseph-a-schumpeter-9723_capitalism_capitalism-survive-i-have-tried-to-show_3144763.jpg) > [The capitalist achievement does not typically consist in providing more silk stocking for queens but in bringing them within the reach of…](https://sms4smile.com/quotes/joseph-a-schumpeter/the-capitalist-achievement-does-not-typically-consist-in-providing/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/1fb/joseph-a-schumpeter-9723_achievement_the-capitalist-achievement-does-not-typi_2129776.jpg) > [Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer…](https://sms4smile.com/quotes/joseph-a-schumpeter/lack-of-outlets-excess-capacity-complete-deadlock-in-the-end-regular/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/b49/joseph-a-schumpeter-9723_bankruptcy_lack-of-outlets-excess-capacity-complete_1427018.jpg) > [The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However,…](https://sms4smile.com/quotes/joseph-a-schumpeter/the-banker-therefore-is-not-so-much-primarily-a-middleman-in-the/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/2ce/joseph-a-schumpeter-9723_agents_the-banker-therefore-is-not-so-much-prim_1374466.jpg) > [ Surely, nothing can be more plain or even more trite common sense than the proposition that innovation \[...\] is at the center… ](https://sms4smile.com/quotes/joseph-a-schumpeter/surely-nothing-can-be-more-plain-or-even-more-trite-common-sense-than/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/41e/joseph-a-schumpeter-9723_capitalist_surely-nothing-can-be-more-plain-or-even_384413.jpg) > [As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner.…](https://sms4smile.com/quotes/joseph-a-schumpeter/as-a-matter-of-fact-capitalist-economy-is-not-and-cannot-be/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/6b9/joseph-a-schumpeter-9723_capitalist_as-a-matter-of-fact-capitalist-economy-i_1154287.jpg) > [The capitalist engine is first and last an engine of mass production which unavoidably also means production for the masses. . .…](https://sms4smile.com/quotes/joseph-a-schumpeter/the-capitalist-engine-is-first-and-last-an-engine-of-mass-production/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) [Image](https://sms4smile.com/quotes/i/58c/joseph-a-schumpeter-9723_achievement_the-capitalist-engine-is-first-and-last_3128435.jpg) ## Other authors on Capitalist ## More by Joseph A. Schumpeter > [In economic life competition is never completely lacking, but hardly ever is it perfect.](https://sms4smile.com/quotes/joseph-a-schumpeter/in-economic-life-competition-is-never-completely-lacking-but-hardly/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones](https://sms4smile.com/quotes/joseph-a-schumpeter/pessimistic-visions-about-almost-anything-always-strike-the-public-as/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [The perennial gale of creative destruction](https://sms4smile.com/quotes/joseph-a-schumpeter/the-perennial-gale-of-creative-destruction/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [At the heart of capitalism is creative destruction.](https://sms4smile.com/quotes/joseph-a-schumpeter/at-the-heart-of-capitalism-is-creative-destruction/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [There exists no more democratic institution than the market](https://sms4smile.com/quotes/joseph-a-schumpeter/there-exists-no-more-democratic-institution-than-the-market/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [ All we can thus far say about the duration of the units of \[the business cycle\] and each of \[its\] two phases is that… ](https://sms4smile.com/quotes/joseph-a-schumpeter/all-we-can-thus-far-say-about-the-duration-of-the-units-of-the/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [The religious quality of Marxism also explains a characteristic attitude of the orthodox Marxist toward opponents. To him, as to any believer in a…](https://sms4smile.com/quotes/joseph-a-schumpeter/the-religious-quality-of-marxism-also-explains-a-characteristic/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous…](https://sms4smile.com/quotes/joseph-a-schumpeter/want-and-effective-demand-are-not-the-same-thing-if-they-were-the/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a…](https://sms4smile.com/quotes/joseph-a-schumpeter/i-know-that-it-is-not-enough-to-be-remembered-for-books-and-theories/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.](https://sms4smile.com/quotes/joseph-a-schumpeter/entrepreneurial-profit-is-the-expression-of-the-value-of-what-the/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [ Surely, nothing can be more plain or even more trite common sense than the proposition that innovation \[...\] is at the center of practically… ](https://sms4smile.com/quotes/joseph-a-schumpeter/surely-nothing-can-be-more-plain-or-even-more-trite-common-sense-than/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [The stock exchange is a poor substitute for the Holy Grail.](https://sms4smile.com/quotes/joseph-a-schumpeter/the-stock-exchange-is-a-poor-substitute-for-the-holy-grail/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an…](https://sms4smile.com/quotes/joseph-a-schumpeter/for-the-duration-of-its-collective-life-or-the-time-during-which-its/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [The ballot is stronger than bullets.](https://sms4smile.com/quotes/joseph-a-schumpeter/the-ballot-is-stronger-than-bullets/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) > [Economic progress, in capitalist society, means turmoil.](https://sms4smile.com/quotes/joseph-a-schumpeter/economic-progress-in-capitalist-society-means-turmoil/) [Joseph A. Schumpeter](https://sms4smile.com/quotes/author/joseph-a-schumpeter/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/capitalist/joseph-a-schumpeter/#itemlist", "name": "10 Capitalist Quotes By Joseph A. Schumpeter", "numberOfItems": 10, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The capitalist process shapes things and souls for socialism.", "creator": { "@type": "Person", "name": "Joseph A. 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Schumpeter" }, "url": "https://sms4smile.com/quotes/joseph-a-schumpeter/lack-of-outlets-excess-capacity-complete-deadlock-in-the-end-regular/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b49/joseph-a-schumpeter-9723_bankruptcy_lack-of-outlets-excess-capacity-complete_1427018.jpg", "contentUrl": "https://sms4smile.com/quotes/i/b49/joseph-a-schumpeter-9723_bankruptcy_lack-of-outlets-excess-capacity-complete_1427018.jpg", "url": "https://sms4smile.com/quotes/i/b49/joseph-a-schumpeter-9723_bankruptcy_lack-of-outlets-excess-capacity-complete_1427018.jpg", "width": 1080, "height": 1080, "caption": "“Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies…” — Joseph A. 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Schumpeter", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [...] is at the center of practically all the phenomena, difficulties, and problems of economic life in capitalist society.", "creator": { "@type": "Person", "name": "Joseph A. Schumpeter" }, "url": "https://sms4smile.com/quotes/joseph-a-schumpeter/surely-nothing-can-be-more-plain-or-even-more-trite-common-sense-than/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/41e/joseph-a-schumpeter-9723_capitalist_surely-nothing-can-be-more-plain-or-even_384413.jpg", "contentUrl": "https://sms4smile.com/quotes/i/41e/joseph-a-schumpeter-9723_capitalist_surely-nothing-can-be-more-plain-or-even_384413.jpg", "url": "https://sms4smile.com/quotes/i/41e/joseph-a-schumpeter-9723_capitalist_surely-nothing-can-be-more-plain-or-even_384413.jpg", "width": 1080, "height": 1080, "caption": "“Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [...]…” — Joseph A. 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Schumpeter" }, "url": "https://sms4smile.com/quotes/joseph-a-schumpeter/the-capitalist-engine-is-first-and-last-an-engine-of-mass-production/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/58c/joseph-a-schumpeter-9723_achievement_the-capitalist-engine-is-first-and-last_3128435.jpg", "contentUrl": "https://sms4smile.com/quotes/i/58c/joseph-a-schumpeter-9723_achievement_the-capitalist-engine-is-first-and-last_3128435.jpg", "url": "https://sms4smile.com/quotes/i/58c/joseph-a-schumpeter-9723_achievement_the-capitalist-engine-is-first-and-last_3128435.jpg", "width": 1080, "height": 1080, "caption": "“The capitalist engine is first and last an engine of mass production which unavoidably also means production…” — Joseph A. 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