Joseph A. Schumpeter Quotes

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

Democracy, Inevitable, Obstacle

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
Joseph A. Schumpeter

Value, Expression, Production

Our poverty will be brought home to us to its full extent only after the war.
Joseph A. Schumpeter

Home, War, After

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

Social, Interest, Logic

Marxism is essentially a product of the bourgeois mind.
Joseph A. Schumpeter

Mind, Bourgeois, Marxism

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 A. Schumpeter

End, Political, Democracy

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 A. Schumpeter

Life, Time, May

The ballot is stronger than bullets.
Joseph A. Schumpeter

Stronger, Bullets, Ballot

Economic progress, in capitalist society, means turmoil.
Joseph A. Schumpeter

Society, Means, Progress

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Biography

Nationality: American

Type: Economist

Born: February 8, 1883

Died: January 8, 1950

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