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Joseph A. Schumpeter [1883-1950] American Rank: 112 Economist Society

Quote	Tags	Rank
Economic progress, in capitalist society, means turmoil.	Society	101
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.		102
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.		103
The ballot is stronger than bullets.		104
Bureaucracy is not an obstacle to democracy but an inevitable complement to it.		105
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.		106
Our poverty will be brought home to us to its full extent only after the war.		107
Marxism is essentially a product of the bourgeois mind.		108
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.		109

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