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Quote by Joseph A. Schumpeter

“Geniuses and prophets do not usually excel in professional learning, and their originality, if any, is often due precisely to the fact that they do not.”

Quote by Joseph A. Schumpeter

Book:Capitalism, Socialism and Democracy

Work

Capitalism, Socialism and Democracy

A seminal work that explores the historical development and comparative analysis of capitalism, socialism, and democracy, offering insights into their economic and political implications. more

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

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“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.”

Facts Eye Civilization Likes Passing Passings Rejoice Passing Away Lament

Author:Joseph A. Schumpeter

“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.”

“Innovations are changes which cannot be decomposed into infinitessimal steps.”

Steps Innovation

Author:Joseph A. Schumpeter

“I had a wonderful childhood, which is tough because it's hard to adjust to a miserable adulthood.”

Hard Funny Wonderful Childhood Tough Miserable Adulthood

Author:Larry David

“Capitalism stands its trial before judges who have the sentence of death in their pockets. They are going to pass it, whatever the defense they may hear; the only success victorious defense can possibly produce is a change in the indictment.”

May Produce Judging Capitalism Sentences Defense Trials Pockets Indictment

Book:Capitalism, Socialism and Democracy

Source: Capitalism, Socialism and Democracy

“Situations emerge in the process of creative destruction in which many firms may have to perish that nevertheless would be able to live on vigorously and usefully if they could weather a particular storm.”

Ifs May Would Be Able Process Situation Creative Particular Destruction Storm Weather Firm Nevertheless Creative Destruction

Book:Capitalism, Socialism and Democracy

Source: Capitalism, Socialism and Democracy

“Can capitalism survive? No. I do not think it can.”

Thinking Capitalism

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.”

Thinking Believe Littles Doe Hate Too Much Plans Argument Resent Unfamiliar

Author:Joseph A. Schumpeter