Profit is the payment you get when you take advantage of change.
Innovation is the market introduction of a technical or organisational novelty, not just its invention. - Joseph A. Schumpeter
Innovation is the market introduction of a technical or organisational novelty, not just its invention.
- Joseph A. Schumpeter
At the heart of capitalism is creative destruction. - Joseph A. Schumpeter
At the heart of capitalism is creative destruction.
The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried techn… - Joseph A. Schumpeter
The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried techn…
Economic progress, in capitalist society, means turmoil. - Joseph A. Schumpeter
Economic progress, in capitalist society, means turmoil.
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… - Joseph A. Schumpeter
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…
Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment. - Joseph A. Schumpeter
Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.
Profit is the payment you get when you take advantage of change. - Joseph A. Schumpeter
Nothing is so treacherous as the obvious. - Joseph A. Schumpeter
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… - Joseph A. Schumpeter
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…
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