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Joseph A. Schumpeter Quotes

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Joseph A. Schumpeter Quotes: "At the heart of capitalism is creative destruction."

At the heart of capitalism is creative destruction.




Joseph A. Schumpeter Quotes: "Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment."

Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.




Joseph A. Schumpeter Quotes: "Innovations are changes which cannot be decomposed into infinitessimal steps."

Innovations are changes which cannot be decomposed into infinitessimal steps.



Joseph A. Schumpeter Quotes: "Profit is the payment you get when you take advantage of change."

Profit is the payment you get when you take advantage of change.




Joseph A. Schumpeter Quotes: "The ballot is stronger than bullets."

The ballot is stronger than bullets.



Joseph A. Schumpeter Quotes: "Politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can't bother about where they're going."

Politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can't bother about where they're going.



Joseph A. Schumpeter Quotes: "We always plan too much and always think too little. We resent a call to thinking and hate unfamiliar argument that does not tally with what we already believe or would like to believe."

We always plan too much and always think too little. We resent a call to thinking and hate unfamiliar argument that does not tally with what we already believe or would like to believe.




Joseph A. Schumpeter Quotes: "We always plan too much and always think too little."

We always plan too much and always think too little.



Joseph A. Schumpeter Quotes: "Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest."

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 Quotes: "Creative Destruction is the essential fact about capitalism."

Creative Destruction is the essential fact about capitalism.



Joseph A. Schumpeter Quotes: "Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production."

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.



Joseph A. Schumpeter Quotes: "The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process"

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process




Joseph A. Schumpeter Quotes: "Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones"

Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones



Joseph A. Schumpeter Quotes: "Gentlemen, a depression is for capitalism like a good, cold douche."

Gentlemen, a depression is for capitalism like a good, cold douche.



Joseph A. Schumpeter Quotes: "The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism."

The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism.



Joseph A. Schumpeter Quotes: "The modern mind dislikes gold because it blurts out unpleasant truths."

The modern mind dislikes gold because it blurts out unpleasant truths.



Joseph A. Schumpeter Quotes: "Economic progress, in capitalist society, means turmoil."

Economic progress, in capitalist society, means turmoil.



Joseph A. Schumpeter Quotes: "It is, after all, only common sense to realize that, but for the fact that economic life is a process of incessant internal change, the business cycle, as we know it, would not exist."

It is, after all, only common sense to realize that, but for the fact that economic life is a process of incessant internal change, the business cycle, as we know it, would not exist.



Joseph A. Schumpeter Quotes: "The evolution of the capitalist style of life could be easily - and perhaps most tellingly - described in terms of the genesis of the modern Lounge Suit."

The evolution of the capitalist style of life could be easily - and perhaps most tellingly - described in terms of the genesis of the modern Lounge Suit.



Joseph A. Schumpeter Quotes: "Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it."

Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.



Joseph A. Schumpeter Quotes: "The trouble with Russia is not that she is socialist but that she is Russia."

The trouble with Russia is not that she is socialist but that she is Russia.



Joseph A. Schumpeter Quotes: "Capitalism Survive?—I have tried to show that a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society."

Capitalism Survive?—I have tried to show that a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society.



Joseph A. Schumpeter Quotes: "Nothing is so treacherous as the obvious."

Nothing is so treacherous as the obvious.



Joseph A. Schumpeter Quotes: "Marxism is essentially a product of the bourgeois mind."

Marxism is essentially a product of the bourgeois mind.



Joseph A. Schumpeter Quotes: "There exists no more democratic institution than the market"

There exists no more democratic institution than the market



Joseph A. Schumpeter Quotes: "Bureaucracy is not an obstacle to democracy but an inevitable complement to it."

Bureaucracy is not an obstacle to democracy but an inevitable complement to it.



Joseph A. Schumpeter Quotes: "I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a difference in people's lives."

I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a difference in people's lives.



Joseph A. Schumpeter Quotes: "Can capitalism survive? No. I do not think it can."

Can capitalism survive? No. I do not think it can.



Joseph A. Schumpeter Quotes: "This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it."

This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it.



Joseph A. Schumpeter Quotes: "Nothing is so retentive as a nation's memory."

Nothing is so retentive as a nation's memory.



Joseph A. Schumpeter Quotes: "The capitalist process shapes things and souls for socialism."

The capitalist process shapes things and souls for socialism.



Joseph A. Schumpeter Quotes: "In economic life competition is never completely lacking, but hardly ever is it perfect."

In economic life competition is never completely lacking, but hardly ever is it perfect.



Joseph A. Schumpeter Quotes: "For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people."

For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.



Joseph A. Schumpeter Quotes: "To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions."

To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions.



Joseph A. Schumpeter Quotes: "Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age?"

Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age?



Joseph A. Schumpeter Quotes: "To realize the relative validity of one's convictions and yet stand for them unflinchingly is what distinguishes a civilized man from a barbarian."

To realize the relative validity of one's convictions and yet stand for them unflinchingly is what distinguishes a civilized man from a barbarian.



Joseph A. Schumpeter Quotes: "The stock exchange is a poor substitute for the Holy Grail."

The stock exchange is a poor substitute for the Holy Grail.



Joseph A. Schumpeter Quotes: "The perennial gale of creative destruction"

The perennial gale of creative destruction



Joseph A. Schumpeter Quotes: "The metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own."

The metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own.



Joseph A. Schumpeter Quotes: "Our poverty will be brought home to us to its full extent only after the war."

Our poverty will be brought home to us to its full extent only after the war.



Joseph A. Schumpeter Quotes: "Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous demand."

Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous demand.



Joseph A. Schumpeter Quotes: "For one thing, to predict the advent of big business was considering the conditions of Marx's day an achievement in itself."

For one thing, to predict the advent of big business was considering the conditions of Marx's day an achievement in itself.