Joseph A. Schumpeter Quotes
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Innovation is the market introduction of a technical or organisational novelty, not just its invention.
At the heart of capitalism is creative destruction.
Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.
Innovations are changes which cannot be decomposed into infinitessimal steps.
Profit is the payment you get when you take advantage of change.
The ballot is stronger than bullets.
Politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can't bother about where they're going.
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.
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.
Creative Destruction is the essential fact about capitalism.
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process
Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones
Gentlemen, a depression is for capitalism like a good, cold douche.
The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism.
The modern mind dislikes gold because it blurts out unpleasant truths.
Economic progress, in capitalist society, means turmoil.
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.
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.
Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.
The trouble with Russia is not that she is socialist but that she is Russia.
Capitalism Survive?—I have tried to show that a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society.
Nothing is so treacherous as the obvious.
Marxism is essentially a product of the bourgeois mind.
There exists no more democratic institution than the market
Bureaucracy is not an obstacle to democracy but an inevitable complement to it.
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.
Can capitalism survive? No. I do not think it can.
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.
Nothing is so retentive as a nation's memory.
The capitalist process shapes things and souls for socialism.
In economic life competition is never completely lacking, but hardly ever is it perfect.
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.
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.
Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age?
To realize the relative validity of one's convictions and yet stand for them unflinchingly is what distinguishes a civilized man from a barbarian.
The stock exchange is a poor substitute for the Holy Grail.
The perennial gale of creative destruction
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.
Our poverty will be brought home to us to its full extent only after the war.
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.
For one thing, to predict the advent of big business was considering the conditions of Marx's day an achievement in itself.