Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously sold. This condition is, in this case, not yet fulfilled. It will be fulfilled only after the successful completion of the new combinations. Hence this credit will in the meantime affect the price level.
-Joseph A. Schumpeter
Select a background
More quotes by Joseph A. Schumpeter
Popular Authors
A curated listing of popular authors.