90 Quotes by Joseph A. Schumpeter

The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism.

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

Creative Destruction is the essential fact about capitalism.

The success of everything depends on intuition, the capacity of seeing things in a way which afterwards proves to be true, even though it cannot be established at the moment, and of grasping the essential fact, discarding the unessential, even though one can give no account of the principles by which this is done.

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

I set out to become the greatest lover in Vienna, the greatest horseman in Austria, and the greatest economist in the world. Alas, for the illusions of youth: as a horseman, I was never really first-rate.

At the heart of capitalism is creative destruction.

Politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can't bother about where they're going.

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.