Joseph Schumpeter - Life Quotes

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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 Schumpeter

In one important sense, Marxism is a religion. To the believer it presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions; and, secondly, a guide to those ends which implies a plan of salvation and the indication of the evil from which mankind, or a chosen section of mankind, is to be saved.

Joseph Schumpeter

In economic life competition is never completely lacking, but hardly ever is it perfect.

Joseph Schumpeter

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.

Joseph Schumpeter

Early in life I had three ambitions: to be the greatest economist in the world, the greatest horseman in Austria, and the best lover in Vienna. Well, in one of those goals I have failed.

Joseph Schumpeter

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.

Joseph Schumpeter