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- At the heart of capitalism is creative destruction. Joseph A. Schumpeter. Heart, Creative, Destruction.
- The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by reorganizing an industry and so on.
- Innovation is the market introduction of a technical or organisational novelty, not just its invention. Joseph A. Schumpeter. Innovation, Novelty, Invention.
- Profit is the payment you get when you take advantage of change. Joseph A. Schumpeter. Advantage, Profit, Payment.
- “The first thing a man will do for his ideal is lie” ― Joseph Schumpeter.
- “Geniuses and prophets do not usually excel in professional learning, and their originality, if any, is often due precisely to the fact that they do not.”
- “History is a record of "effects" the vast majority of which nobody intended to produce.” ― Joseph Schumpeter.
- “Politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can’t bother about where they’re going.” ― Joseph Alois Schumpeter.
- Ch. 1 : The Circular Flow of Economic Life as Conditioned by Given Circumstances
- Ch. 4 : Entrepreneurial Profit
- Ch. 6 : The Business Cycle
When we inquire about the general forms of economic phenomena, about their uniformities, or about a key to understanding them, we ipso facto indicate that we wish at that moment to consider them as...
The innovation is hazardous, impossible for most producers. But if someone establishes a business having regard to this source of supply, and everything goes well, then he can produce a unit of pro...
Why do entrepreneurs appear, not continuously, that is singly in every appropriately chosen interval, but in clusters? Exclusively because the appearance of one or a few entrepreneurs facilitates t...
Enjoy the best Joseph A. Schumpeter Quotes at BrainyQuote. Quotations by Joseph A. Schumpeter, American Economist, Born February 8, 1883. Share with your friends.
- Bureaucracy is not an obstacle to democracy but an inevitable complement to it.
- 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.
- 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.
- Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.
Joseph A. Schumpeter Quotes About Innovation. All quotes Business Capitalism Economics Economy Innovation Liberalism Marxism more... Innovation is the market introduction of a technical or organisational novelty, not just its invention.
At the heart of capitalism is creative destruction. Joseph A. Schumpeter. Heart, Creative, Destruction. Creative Destruction is the essential fact about capitalism. Joseph A. Schumpeter. Creative, Essentials, Facts. Joseph A. Schumpeter (2013). “Capitalism, Socialism and Democracy”, p.83, Routledge.
