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Quote by Joseph A. Schumpeter

Work

History of Economic Analysis

This book traces the evolution of economic theories and concepts from ancient times to the present day, examining the contributions of key economists and their impact on modern economic practices. more

Author

Joseph A. Schumpeter
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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“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.”