Quotes By Joseph A. 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.

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

The ballot is stronger than bullets.

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

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

Economic progress, in capitalist society, means turmoil.

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

Marxism is essentially a product of the bourgeois mind.

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.