Quotes by : Joseph Alois Schumpeter

The reduced sense of responsibility and the absence of effective volition in turn explain the ordinary....

Please do not think that I am accusing socialists of insincerity or that I wish to hold them up to scorn....

Capitalism does not merely mean that the housewife may influence production by her choice between peas....

Every socialist wishes to revolutionize society from the economic angle and all the blessings he expects....

Politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can’t....

Created by wars that required it, the machine now created the wars it required.

There was no corner of the known world where some interest was not alleged to be in danger or under actual....

Voters thereby prove themselves bad and indeed corrupt judges of such issues and often they even prove....

Geniuses and prophets do not usually excel in professional learning, and their originality, if any, is....