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Economic Quotes

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Economic Quotes

“The final goal of world revolution is not socialism, or even communism, it is not a change in the present economic system, it is not the destruction of civilization in a material sense. The revolution desired by the leaders is moral and spiritual, it is an anarchy of ideas in which all the bases established nineteen centuries ago shall be overthrown, all the honored traditions trodden under foot, and, above all, the Christian ideal finally obliterated.”

“According to the management expert Peter F. Drucker, the term "entrepreneur" (from the French, meaning "one who takes into hand") was introduced two centuries ago by the French economist Jean-Baptiste Say to characterize a special economic actor-not someone who simply opens a business, but someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The twentieth-century growth economist Joseph A. Schumpeter characterized the entrepreneur as the source of the "creative destruction" necessary for major economic advances.”