Joseph Schumpeter Short Quotes

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Marxism is essentially a product of the bourgeois mind.

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

Joseph Schumpeter
The capitalist process shapes things and souls for socialism.

Joseph Schumpeter
Gentlemen, a depression is for capitalism like a good, cold douche.

Joseph Schumpeter
The trouble with Russia is not that she is socialist but that she is Russia.

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

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

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

Joseph Schumpeter
Every piece of business strategy. must be seen in its role in the perennial gale of creative destruction.

Joseph Schumpeter
The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process

Joseph Schumpeter
Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.

Joseph Schumpeter
Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age?

Joseph Schumpeter
For one thing, to predict the advent of big business was considering the conditions of Marx's day an achievement in itself.

Joseph Schumpeter
As a matter of practical necessity, socialist democracy may eventually turn out to be more of a sham than capitalist democracy ever was.

Joseph Schumpeter
Want and effective demand are not the same thing. If they were, the poorest nations would be the ones to display the most vigorous demand.

Joseph Schumpeter
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.

Joseph Schumpeter
To realize the relative validity of one's convictions and yet stand for them unflinchingly is what distinguishes a civilized man from a barbarian.

Joseph Schumpeter
The cold metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own.

Joseph 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 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
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 Schumpeter
Capitalism Survive?—I have tried to show that a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society.

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
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
We always plan too much and always think too little. We resent a call to thinking and hate unfamiliar argument that does not tally with what we already believe or would like to believe.

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