Schumpeter Quotes
Collection of top 37 famous quotes about Schumpeter
Schumpeter Quotes & Sayings
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Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
— Joseph A. Schumpeter
Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.
— Joseph A. Schumpeter
Created by wars that required it, the machine now created the wars it required.
— Joseph Alois Schumpeter
For one thing, to predict the advent of big business was considering the conditions of Marx's day an achievement in itself.
— Joseph A. Schumpeter
At the heart of capitalism is creative destruction.
— Joseph A. Schumpeter
History is a record of "effects" the vast majority of which nobody intended to produce.
— Joseph Alois Schumpeter
Can capitalism survive? No. I do not think it can.
— Joseph A. Schumpeter
Innovations are changes which cannot be decomposed into infinitessimal steps.
— Joseph A. Schumpeter
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
The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process
— Joseph A. Schumpeter
Economic progress, in capitalist society, means turmoil.
— Joseph A. Schumpeter
The capitalist process shapes things and souls for socialism.
— Joseph A. Schumpeter
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
Our poverty will be brought home to us to its full extent only after the war.
— Joseph A. Schumpeter
The first thing a man will do for his ideals is lie.
— Joseph Schumpeter
Nothing is so treacherous as the obvious.
— Joseph A. Schumpeter
The ballot is stronger than bullets.
— Joseph A. Schumpeter
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
The stock exchange is a poor substitute for the Holy Grail.
— Joseph A. Schumpeter
The trouble with Russia is not that she is socialist but that she is Russia.
— Joseph A. Schumpeter
Bureaucracy is not an obstacle to democracy but an inevitable complement to it.
— Joseph A. Schumpeter
There exists no more democratic institution than the market
— Joseph A. Schumpeter
Innovation is the market introduction of a technical or organisational novelty, not just its invention.
— Joseph A. Schumpeter
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
Creative Destruction is the essential fact about capitalism.
— Joseph A. Schumpeter
Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.
— Joseph A. Schumpeter
In economic life competition is never completely lacking, but hardly ever is it perfect.
— Joseph A. Schumpeter
The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism.
— Joseph A. Schumpeter
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
Nothing is so retentive as a nation's memory.
— Joseph A. Schumpeter
Marxism is essentially a product of the bourgeois mind.
— Joseph A. Schumpeter
The perennial gale of creative destruction
— Joseph A. Schumpeter
Profit is the payment you get when you take advantage of change.
— Joseph A. Schumpeter
Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones
— Joseph A. Schumpeter
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 Alois Schumpeter
Gentlemen, a depression is for capitalism like a good, cold douche.
— Joseph A. Schumpeter
The modern mind dislikes gold because it blurts out unpleasant truths.
— Joseph A. Schumpeter