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" Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. "
Joseph A. Schumpeter
Expression
Value
Profit
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" 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. "
Joseph A. Schumpeter
Time
Hotel
Identity
" Bureaucracy is not an obstacle to democracy but an inevitable complement to it. "
Joseph A. Schumpeter
Democracy
Bureaucracy
Obstacle
" 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. "
Joseph A. Schumpeter
Democracy
Political
Decisions
" Economic progress, in capitalist society, means turmoil. "
Joseph A. Schumpeter
Progress
Society
Turmoil
" Our poverty will be brought home to us to its full extent only after the war. "
Joseph A. Schumpeter
Poverty
Only
Will
" The ballot is stronger than bullets. "
Joseph A. Schumpeter
Bullets
Stronger
Than
" Marxism is essentially a product of the bourgeois mind. "
Joseph A. Schumpeter
Product
Mind
Marxism