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Authors:
Joseph A. Schumpeter Quotes

Joseph A. Schumpeter quotes

American Economist February 8, 1883 – January 8, 1950

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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. Joseph A. Schumpeter
Joseph A. Schumpeter quote: "Bureaucracy is not an obstacle to democracy but an inevitable..."
Bureaucracy is not an obstacle to democracy but an inevitable complement to it. 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
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
Geniuses and prophets do not usually excel in professional learning, and their originality, if any, is often due precisely to the fact that they do not. Joseph A. Schumpeter
Joseph A. Schumpeter quote: "Our poverty will be brought home to us to its full extent only..."
Our poverty will be brought home to us to its full extent only after the war. Joseph A. Schumpeter
Joseph A. Schumpeter quote: "The first thing a man will do for his ideal is lie"
The first thing a man will do for his ideal is lie Joseph A. Schumpeter
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. Joseph A. Schumpeter
Joseph A. Schumpeter quote: "Entrepreneurial profit is the expression of the value of what..."
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. Joseph A. Schumpeter
Joseph A. Schumpeter quote: "Marxism is essentially a product of the bourgeois mind."
Marxism is essentially a product of the bourgeois mind. Joseph A. Schumpeter
Joseph A. Schumpeter quote: "History is a record of "effects" the vast majority of which..."
History is a record of "effects" the vast majority of which nobody intended to produce. Joseph A. Schumpeter
Joseph A. Schumpeter quote: "Economic progress, in capitalist society, means turmoil."
Economic progress, in capitalist society, means turmoil. Joseph A. Schumpeter
Joseph A. Schumpeter quote: "The ballot is stronger than bullets."
The ballot is stronger than bullets. Joseph A. Schumpeter

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