Joseph Schumpeter Quote

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.


Capitalism, socialism, and democracy (ed. 1954)

Picture Quote 1

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...

Picture Quote 2

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...

Picture Quote 3

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...

Picture Quote 4

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...