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Joseph Schumpeter Quotes

1883–1950 Austria

Joseph Alois Schumpeter (February 8, 1883 – January 8, 1950) was an economist from Austria and an influential political scientist.

Austria
Academics
Economists
Historians
Non-fiction authors

Also known as: Joseph A. Schumpeter, Schumpeter

Random Joseph Schumpeter quote

8 quotes

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

In economic life competition is never completely lacking, but hardly ever is it perfect.

Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.

History of Economic Analysis (1945)

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.

The March into Socialism (1949)

The swarm-like appearance of new combinations easily and necessarily explains the fundamental features of periods of boom.

The Theory of Economic Development (1934)

Gentlemen, you are worried about the depression[sic]. You should not be. For capitalism, a depression is a good, cold douche.

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.

Many things may be copied by the latter; the example as such also acts upon them; and many achievements directly serve other branches too [...].

The Theory of Economic Development (1934)

Attribution

Quotes and notes from Wikiquote: Joseph Schumpeter (page history), available under CC BY-SA 4.0.