Joseph Schumpeter

Explore 8 quotes by Joseph Schumpeter

The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation...That incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Topic

Capitalism

Author

Joseph Schumpeter

Source

Capitalism, Socialism, and Democracy

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 2, ch. 7.

Economic progress, in capitalist society, means turmoil.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Topic

Economic growth Life under capitalism Capitalism

Author

Joseph Schumpeter

Source

Capitalism, Socialism, and Democracy

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 1, ch. 3.

Marxism is a religion. To the believer it presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions; and, secondly, a guide to those ends which implies a plan of salvation and the indication of the evil from which mankind, or a chosen section of mankind, is to be saved.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Topic

Marxism

Author

Joseph Schumpeter

Source

Capitalism, Socialism, and Democracy

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 1, ch. 1.

In one important sense, Marxism is a religion. To the believer it presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions; and, secondly, a guide to those ends which implies a plan of salvation and the indication of the evil from which mankind, or a chosen section of mankind, is to be saved.

Joseph Schumpeter

More information about this quote

Topic

Marxism

Author

Joseph Schumpeter

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph. Capitalism, Socialism and Democracy. Harper & Brothers, 1942, pt. 1, ch. 1.

Marxism is essentially a product of the bourgeois mind.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Topic

Marxism Political ideology

Author

Joseph Schumpeter

Source

Capitalism, Socialism, and Democracy

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 1, ch. 1.

The first thing a man will do for his ideals is lie.

Joseph Schumpeter

More information about this quote

Topic

Ideals Lying

Author

Joseph Schumpeter

Source

History of Economic Analysis

Medium

Treatise

Genre

Economic literature

Statement Type

Irony Paradox

Language

English

Time

1950 1950s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. History of Economic Analysis. Oxford University Press, 1954, pt. 1, ch. 4, note 10.

Every piece of business strategy... Must be seen in its role in the perennial gale of creative destruction.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Topic

Business strategy Capitalism

Author

Joseph Schumpeter

Source

Capitalism, Socialism, and Democracy

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 2, ch. 7.

Bureaucracy is not an obstacle to democracy but an inevitable complement to it.

Joseph Schumpeter

Capitalism, Socialism, and Democracy

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Topic

Bureaucracy Democracy Political theory

Author

Joseph Schumpeter

Source

Capitalism, Socialism, and Democracy

Genre

Economic literature Historical literature

Language

English

Time

1942 1940s 20th century

Authentication Score 3

Citation

Schumpeter, Joseph Alois. Capitalism, Socialism, and Democracy. Harper & Brothers, 1942, pt. 3, ch. 18.