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Quote by Joseph A. Schumpeter

“This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it.”

Author

Joseph A. Schumpeter

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. more

“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.”

Way Giving Done Moments Facts Principles Seeing Depends Prove Essentials Capacity Accounts Intuition Being True Grasping

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

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

“The first thing a man will do for his ideals is lie.”

Men Firsts Lying Ideals

Book:History of Economic Analysis

Source: History of Economic Analysis

“In one important sense, Marxism is a religion. To the believer it presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions; and, secondly, a guide to those ends which implies a plan of salvation and the indication of the evil from which mankind, or a chosen section of mankind, is to be saved.”