Joseph Schumpeter Browse All Authors Top 11 quotes by Joseph Schumpeter Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest. Joseph Schumpeter Bureaucracy is not an obstacle to democracy but an inevitable complement to it. Joseph Schumpeter 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. Joseph Schumpeter Economic progress, in capitalist society, means turmoil. Joseph Schumpeter Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. Joseph Schumpeter 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. Joseph Schumpeter 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. Joseph Schumpeter The ballot is stronger than bullets. Joseph Schumpeter 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. Joseph Schumpeter 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? Joseph Schumpeter We always plan too much and always think too little. Joseph Schumpeter
