Joseph A. Schumpeter
Joseph A. Schumpeter
Joseph Alois Schumpeter was an Austrian-born 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...
NationalityAmerican
ProfessionEconomist
Date of Birth8 February 1883
CountryUnited States of America
Joseph A. Schumpeter quotes about
freedom democracy trials
It is not true that democracy will always safeguard freedom of conscience better than autocracy. Witness the most famous of all trials. Pilate was, from the standpoint of the Jews, certainly the representative of autocracy. Yet he tried to protect freedom. And he yielded to a democracy.
holy-grail poor substitutes
The stock exchange is a poor substitute for the Holy Grail.
creative gale economics
The perennial gale of creative destruction
judging defense trials
Capitalism stands its trial before judges who have the sentence of death in their pockets. They are going to pass it, whatever the defense they may hear; the only success victorious defense can possibly produce is a change in the indictment.
perfect competition economic
In economic life competition is never completely lacking, but hardly ever is it perfect.
russia trouble socialist
The trouble with Russia is not that she is socialist but that she is Russia.
doe recognition problem
Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.
book differences people
I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a difference in people's lives.
creative-destruction essentials economics
The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process
eye civilization passing-away
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.
mean progress economics
Economic progress, in capitalist society, means turmoil.
business common-sense facts
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.
memories nations
Nothing is so retentive as a nation's memory.
institutions democratic
There exists no more democratic institution than the market