As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner. It is incessantly being revolutionized from within by new enterprise, i.e., by the intrusion of new commodities or… — Joseph A. Schumpeter Copy Share Image
Those revolutions are not strictly incessant; they occur in discrete rushes which are separated from each other by spans of comparative quiet. The process as a whole works incessantly however, in the sense that there always is either revolution or… — 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
![“All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that it will depend on the nature of the particular innovations that carry a cycle,... and the financial conditions and habits prevailing in the business community in each case.” quote by Joseph A. Schumpeter](https://sms4smile.com/quotes/img-quotes/d28/joseph-a-schumpeter-9723_business_all-we-can-thus-far-say-about-the-durati_219232.jpg)
![“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.” quote by Joseph A. Schumpeter](https://sms4smile.com/quotes/img-quotes/41e/joseph-a-schumpeter-9723_capitalist_surely-nothing-can-be-more-plain-or-even_384413.jpg)
