The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process — 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
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 strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of something new---a new… — Joseph A. Schumpeter Copy Share Image
It is however always important to remember that the ability to see things in their correct perspective may be, and often is,… — Joseph A. Schumpeter Copy Share Image
Things economic and social move by their own momentum and the ensuing situations compel individuals and groups to behave in certain ways… — 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
The metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature… — 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
