Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political - legislative and… — 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 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
There is another method of obtaining money... It does not presuppose the existence of accumulated results of previous development, and hence may… — 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
