Joseph Schumpeter

United States economist (born in Czechoslovakia) (1883-1950)

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Bureaucracy is not an obstacle to democracy but an inevitable complement to it.Rate it:
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.Rate it:
Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political -- legislative and administrative -- decisions and hence incapable of being an end in itself.Rate it:
Economic progress, in capitalist society, means turmoil.Rate it:
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.Rate it:
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.Rate 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. Yet he tried to protect freedom. And he yielded to a democracy.Rate it:
The ballot is stronger than bullets.Rate it:
The evolution of the capitalist style of life could be easily -- and perhaps most tellingly -- described in terms of the genesis of the modern Lounge Suit.Rate it:
The question that is so clearly in many potential parents minds: Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age?Rate it:
We always plan too much and always think too little.Rate it:

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