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Joseph A. Schumpeter

Joseph A. Schumpeter Quotes

Economist

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Famous Joseph A. Schumpeter Quotes

“Things economic and social move by their own momentum and the ensuing situations compel individuals and groups to behave in certain ways whatever they may wish to do-not indeed by destroying their freedom of choice but by shaping the choosing mentalities and by narrowing the list of possibilities from which to choose.”

WayMayMovingCertainChoicesIndividualWishSocialSituationGroupsEconomicPossibilityListsBehaveDestroyingMentalityMomentumFreedom Of Choice
Author:Joseph A. Schumpeter
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“The strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of something new---a new product, process or method of production, a new market or source of supply, a new form of commercial, business or financial organization.”

FormProcessEconomicProductsSourceDevelopmentOrganizationInnovationMethodFinancialProductionsDefinedAnalysisSomething NewApplicationStrategicStimulusEconomic DevelopmentNew Products
Book:The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle
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