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Joseph A. Schumpeter quotes

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Austrian born American Economist and Minister of finance, 1883-1950

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    I Like this quote I dislike this quote“For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.”

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    I Like this quote I dislike this quote“Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political -- legislative and administrative -- decisions and hence incapable of being an end in itself.”

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    I Like this quote I dislike this quote“Economic progress, in capitalist society, means turmoil.”

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