Joseph A. Schumpeter Quotes

Joseph A. Schumpeter — American Economist born on February 08, 1883, died on January 08, 1950

Joseph Alois Schumpeter was an Austrian-American economist and political scientist. He briefly served as Finance Minister of Austria in 1919. In 1932 he became a professor at Harvard University where he remained until the end of his career. One of the most influential economists of the 20th century, Schumpeter popularized the term "creative destruction" in economics... (wikipedia)

Economic progress, in capitalist society, means turmoil.

The ballot is stronger than bullets.

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

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.

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

Joseph A. Schumpeter Quotes

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