Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it. — 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 public mind has by now so thoroughly grown out of humor with it as to make condemnation of capitalism and all… — Joseph A. Schumpeter Copy Share Image
The modern mind dislikes gold because it blurts out unpleasant truths. — 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
