Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously sold. This condition is, in this case, not yet fulfilled. It will be fulfilled only after the successful completion of the new combinations. Hence this credit will in the meantime affect the price level.


The Theory of Economic Development (ed. Transaction Publishers, 2011) - ISBN: 9781412815925

Joseph Schumpeter Quotes

Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously...

Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously...

Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously...

Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously...