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Famous Joseph Schumpeter Quotations

Best famous Joseph Schumpeter quotations. Find, read, and share the best famous quotations by Joseph Schumpeter. These are the most popular quotations and best examples of quotes by Joseph Schumpeter.

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Quote Left The capitalist engine is first and last an engine of mass production which unavoidably also means production for the masses. . . . It is the cheap cloth, the cheap cotton and rayon fabric, boots, motorcars and so on that are the typical achievements of capitalist production, and not as a rule improvements that would mean much to the rich man. Queen Elizabeth owned silk stockings. The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within reach of factory girls. Quote Right
Quote Left Bureaucracy is not an obstacle to democracy but an inevitable complement to it. Quote Right
Quote Left 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. Quote Right
Quote Left 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. Quote Right
Quote Left To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions... Quote Right
Quote Left Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest. Quote Right
Quote Left The ballot is stronger than bullets. Quote Right
Quote Left Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. Quote Right
Quote Left 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? Quote Right

Book: Reflection on the Important Things