90 Quotes by Joseph A. Schumpeter

Can capitalism survive? No. I do not think it can.

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.

The stock exchange is a poor substitute for the Holy Grail.

The perennial gale of creative destruction

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.

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

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

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

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.