Joseph A. Schumpeter Famous Quotes & Sayings

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Top 52 Joseph A. Schumpeter Quotes

#1. Creative Destruction is the essential fact about capitalism. - Author: Joseph A. Schumpeter
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#2. The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism. - Author: Joseph A. Schumpeter
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#3. Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age? - Author: Joseph A. Schumpeter
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#4. The stock exchange is a poor substitute for the Holy Grail. - Author: Joseph A. Schumpeter
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#5. 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. - Author: Joseph A. Schumpeter
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#6. Profit is the payment you get when you take advantage of change. - Author: Joseph A. Schumpeter
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#7. Can capitalism survive? No. I do not think it can. - Author: Joseph A. Schumpeter
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#8. The perennial gale of creative destruction - Author: Joseph A. Schumpeter
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#9. Situations emerge in the process of creative destruction in which many firms may have to perish that nevertheless would be able to live on vigorously and usefully if they could weather a particular storm. - Author: Joseph A. Schumpeter
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#10. The capitalist process shapes things and souls for socialism. - Author: Joseph A. Schumpeter
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#11. The spirit of a people, its cultural level, its social structure, the deeds its policy may prepare - all this and more is written in its fiscal history, stripped of all phrases. He who knows how to listen to its message here discerns the thunder of world history more clearly than anywhere else. - Author: Joseph A. Schumpeter
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#12. The very foundation of private property and free contracting wears away in a nation in which its most vital, most concrete, most meaningful types of private property and free contracting disappear from the moral horizon of the people. - Author: Joseph A. Schumpeter
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#13. 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. - Author: Joseph A. Schumpeter
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#14. Marxism is essentially a product of the bourgeois mind. - Author: Joseph A. Schumpeter
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#15. The modern mind dislikes gold because it blurts out unpleasant truths. - Author: Joseph A. Schumpeter
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#16. There exists no more democratic institution than the market - Author: Joseph A. Schumpeter
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#17. Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones - Author: Joseph A. Schumpeter
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#18. Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment. - Author: Joseph A. Schumpeter
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#19. 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 ... - Author: Joseph A. Schumpeter
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#20. 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. - Author: Joseph A. Schumpeter
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#21. Innovation is the market introduction of a technical or organisational novelty, not just its invention. - Author: Joseph A. Schumpeter
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#22. Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [ ... ] is at the center of practically all the phenomena, difficulties, and problems of economic life in capitalist society. - Author: Joseph A. Schumpeter
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#23. Bureaucracy is not an obstacle to democracy but an inevitable complement to it. - Author: Joseph A. Schumpeter
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#24. Gentlemen, a depression is for capitalism like a good, cold douche. - Author: Joseph A. Schumpeter
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#25. 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. - Author: Joseph A. Schumpeter
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#26. Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer capitalist despair-may confidently be anticipated. History is as simple a that. - Author: Joseph A. Schumpeter
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#27. All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that it will depend on the nature of the particular innovations that carry a cycle, ... and the financial conditions and habits prevailing in the business community in each case. - Author: Joseph A. Schumpeter
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#28. Capitalism stands its trial before judges who have the sentence of death in their pockets. They are going to pass it, whatever the defense they may hear; the only success victorious defense can possibly produce is a change in the indictment. - Author: Joseph A. Schumpeter
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#29. Nothing is so treacherous as the obvious. - Author: Joseph A. Schumpeter
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#30. Nothing is so retentive as a nation's memory. - Author: Joseph A. Schumpeter
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#31. The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues and analyzes in a way which he would readily recognize as infantile within the sphere of his real interests. He becomes primitive again. - Author: Joseph A. Schumpeter
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#32. At the heart of capitalism is creative destruction. - Author: Joseph A. Schumpeter
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#33. 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. - Author: Joseph A. Schumpeter
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#34. The ballot is stronger than bullets. - Author: Joseph A. Schumpeter
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#35. For one thing, to predict the advent of big business was considering the conditions of Marx's day an achievement in itself. - Author: Joseph A. Schumpeter
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#36. The trouble with Russia is not that she is socialist but that she is Russia. - Author: Joseph A. Schumpeter
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#37. 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. - Author: Joseph A. Schumpeter
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#38. Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political - legislative and administrative - decisions and hence incapable of being an end in itself. - Author: Joseph A. Schumpeter
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#39. It is not true that democracy will always safeguard freedom of conscience better than autocracy. Witness the most famous of all trials. Pilate was, from the standpoint of the Jews, certainly the representative of autocracy. Yet he tried to protect freedom. And he yielded to a democracy. - Author: Joseph A. Schumpeter
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#40. The capitalist achievement does not typically consist in providing more silk stocking for queens but in bringing them within the reach of factory girls in return for a steadily decreasing amount of effort. - Author: Joseph A. Schumpeter
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#41. It is quite possible that future generations will look upon arguments about the inferiority of the socialist plan as we look upon Adam Smith's argument about joint stock companies which, also, were simply false. - Author: Joseph A. Schumpeter
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#42. The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process - Author: Joseph A. Schumpeter
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#43. I set out to become the greatest lover in Vienna, the greatest horseman in Austria, and the greatest economist in the world. Alas, for the illusions of youth: as a horseman, I was never really first-rate. - Author: Joseph A. Schumpeter
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#44. Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it. - Author: Joseph A. Schumpeter
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#45. Our poverty will be brought home to us to its full extent only after the war. - Author: Joseph A. Schumpeter
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#46. It is however always important to remember that the ability to see things in their correct perspective may be, and often is, divorced from the ability to reason correctly and vice versa. That is why a man may be a very good theorist and yet talk absolute nonsense ... - Author: Joseph A. Schumpeter
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#47. Economic progress, in capitalist society, means turmoil. - Author: Joseph A. Schumpeter
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#48. Innovations are changes which cannot be decomposed into infinitessimal steps. - Author: Joseph A. Schumpeter
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#49. 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. - Author: Joseph A. Schumpeter
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#50. Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. - Author: Joseph A. Schumpeter
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#51. In economic life competition is never completely lacking, but hardly ever is it perfect. - Author: Joseph A. Schumpeter
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#52. Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest. - Author: Joseph A. Schumpeter
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