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Joseph A. Schumpeter Quotes

Economist

Joseph A. Schumpeter was a renowned economist known for his research on innovation and entrepreneurship. His theories have had a profound impact on modern economics.

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All Capitalism Capitalist May Economic Doe Facts Process Creative Destruction Economics Economy Firsts Innovation Productions Social Business Creative Destruction Ends Liberalism Marxism

Famous Joseph A. Schumpeter Quotes

“We always plan too much and always think too little.”

Thinking Littles Business Too Much Plans Economics Management Planning Business Plan Business Planning

Book:Capitalism, Socialism and Democracy

Source: Capitalism, Socialism and Democracy

“All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that it will depend on the nature of the particular innovations that carry a cycle,... and the financial conditions and habits prevailing in the business community in each case.”

Two Community Business Cases Conditions Particular Depends Habit Innovation Financial Cycles Phases Units Duration Prevailing

Author:Joseph A. Schumpeter

“It is, after all, only common sense to realize that, but for the fact that economic life is a process of incessant internal change, the business cycle, as we know it, would not exist.”

Knows Facts Life Is Process Realizing Common Business Economic Common Sense Internals Cycles Incessant

Author:Joseph A. Schumpeter

“Those revolutions are not strictly incessant; they occur in discrete rushes which are separated from each other by spans of comparative quiet. The process as a whole works incessantly however, in the sense that there always is either revolution or absorption of the results of revolution, both together forming what are known as business cycles.”

Whole Together Process Results Business Known Revolution Quiet Cycles Incessant Absorption Incessantly Discrete

Book:Capitalism, Socialism and Democracy

Source: Capitalism, Socialism and Democracy

About the Author

Born: February 8, 1883
Died: January 8, 1950
Known for: Economist
Quotes: 72

Books & Sources

Capitalism, Socialism and DemocracyRelated source material

The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business CycleRelated source material

Ten Great EconomistsRelated source material

History of Economic AnalysisRelated source material

Imperialism and Social Classes: Two EssaysRelated source material

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