“There is another method of obtaining money... It does not presuppose the existence of accumulated results of previous development, and hence may be considered as the only one which is available in strict logic. This method of obtaining money is the creation of purchasing power by banks. The form it takes is immaterial.” MayDoeFormPoliticsResultsExistenceEconomyCreationDevelopmentLogicMethodAvailableLiberalismStrictObtainingPurchasingPurchasing Power Author:Joseph A. Schumpeter
“The capitalist achievement does not typically consist in providing more silk stocking for queens but in bringing them within the reach of factory girls in return for a steadily decreasing amount of effort.” DoeGirlEffortReturnAmountAchievementQueensFactoriesCapitalistProvidingSilkStockings Book:Capitalism, Socialism and Democracy Source: Capitalism, Socialism and Democracy
“We always plan too much and always think too little. We resent a call to thinking and hate unfamiliar argument that does not tally with what we already believe or would like to believe.” ThinkingBelieveLittlesDoeHateToo MuchPlansArgumentResentUnfamiliar Author:Joseph A. Schumpeter
“Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.” DoeProblemSolveAriseRecognitionBureaucracyComprehensiveInevitability Book:Capitalism, Socialism and Democracy Source: Capitalism, Socialism and Democracy
“I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a difference in people's lives.” PeopleKnowsDoeBookEnoughDifferencesTheoryRememberedMaking A Difference Author:Joseph A. Schumpeter
“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.” MenFirstsMeanDoeLastsGirlRichAchievementMassCapitalismProductionsImprovementQueensEnginesFactoriesBootsCapitalistProvidingFabricTypicalSilkCottonRich ManStockingsFirsts And LastsWithin ReachQueen ElizabethMass Production Author:Joseph A. Schumpeter
