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Joseph A. Schumpeter

Joseph A. Schumpeter Quotes

Economist

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Famous Joseph A. Schumpeter Quotes

“As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner. It is incessantly being revolutionized from within by new enterprise, i.e., by the intrusion of new commodities or new methods of production or new commercial opportunities into the industrial structure as it exists at any moment.”

MatterMomentsFactsOpportunityEconomyMethodStructureProductionsEnterpriseSteadyCapitalistCommodityExpandingMatter Of FactIncessantlyIntrusionStationaryCapitalist Economy
Book:Capitalism, Socialism and Democracy
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“The success of everything depends on intuition, the capacity of seeing things in a way which afterwards proves to be true, even though it cannot be established at the moment, and of grasping the essential fact, discarding the unessential, even though one can give no account of the principles by which this is done.”

WayGivingDoneMomentsFactsPrinciplesSeeingDependsProveEssentialsCapacityAccountsIntuitionBeing TrueGrasping
Book:The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle
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