To realize the relative validity of one's convictions and yet stand for them unflinchingly is what distinguishes a civilized man from a barbarian..

The ballot is stronger than bullets..

Nothing is so treacherous as the obvious..

As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner. It is incessantly being revol….

Innovation is the market introduction of a technical or organisational novelty, not just its invention..

We always plan too much and always think too little..

The capitalist engine is first and last an engine of mass production which unavoidably also means production for the masses. . . . It is the cheap cl….

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….

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

Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment..

The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues and analyzes in a way which….

Economic progress, in capitalist society, means turmoil..

At the heart of capitalism is creative destruction..

Profit is the payment you get when you take advantage of change..

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried techn….

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process.

The strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of somethi….

Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones.

Creative Destruction is the essential fact about capitalism..

Innovations are changes which cannot be decomposed into infinitessimal steps..

The success of everything depends on intuition, the capacity of seeing things in a way which afterwards proves to be true, even though it cannot be e….