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All Quotes by author - Joseph A. Schumpeter

" Bureaucracy is not an obstacle to democracy but an inevitable complement to it. "

" Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest. "

" 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. "

" Economic progress, in capitalist society, means turmoil. "

" Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. "

" 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. "

" Marxism is essentially a product of the bourgeois mind. "

" Our poverty will be brought home to us to its full extent only after the war. "

" The ballot is stronger than bullets. "

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