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Bureaucracy
Engrave this Quote Bureaucracy is not an obstacle to democracy but an inevitable complement to it.
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-Joseph Schumpeter
Business
Engrave this Quote Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
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-Joseph Schumpeter
Capitalism
Engrave this Quote The capitalist engine is first and last an engine of mass production which unavoidably also means production for the masses. . . . It is the cheap cloth, the cheap cotton and rayon fabric, boots, motorcars and so on that are the typical achievements of capitalist production, and not as a rule improvements that would mean much to the rich man. Queen Elizabeth owned silk stockings. The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within reach of factory girls.
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-Joseph Schumpeter
Engrave this Quote The evolution of the capitalist style of life could be easily -- and perhaps most tellingly -- described in terms of the genesis of the modern Lounge Suit.
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-Joseph Schumpeter
Engrave this Quote Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.
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-Joseph Schumpeter
Class
Engrave 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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-Joseph Schumpeter
Communism
Engrave this Quote To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions...
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-Joseph Schumpeter, Capitalism, Socialism and Democracy ch. 1, 1942
Democracy
Engrave 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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-Joseph Schumpeter
Engrave this Quote The ballot is stronger than bullets.
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-Joseph Schumpeter, Capitalism, Socialism and Democracy
Economics
Engrave this Quote Economic progress, in capitalist society, means turmoil.
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-Joseph Schumpeter
Liberty
Engrave this Quote It is not true that democracy will always safeguard freedom of conscience better than autocracy. Witness the most famous of all trials. Pilate was, from the standpoint of the Jews, certainly the representative of autocracy. Yet he tried to protect freedom. And he yielded to a democracy.
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-Joseph Schumpeter
Parenting
Engrave this Quote The question that is so clearly in many potential parents minds: Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age?
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-Joseph Schumpeter
Planning
Engrave this Quote We always plan too much and always think too little.
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-Joseph Schumpeter

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