Tag Archives: Joseph A. Schumpeter

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

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

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

The ballot is stronger than bullets. Joseph A. Schumpeter

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

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

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

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