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
Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some… — 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
“Please do not think that I am accusing socialists of insincerity or that I wish to hold them up to scorn either… — Joseph A. Schumpeter Copy Share Image
The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues… — Joseph A. Schumpeter Copy Share Image
The very foundation of private property and free contracting wears away in a nation in which its most vital, most concrete, most… — Joseph A. Schumpeter Copy Share Image
The state has been living on a revenue which was being produced in the private sphere for private purposes and had to… — 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
