The Philosopher
Joseph Schumpeter
The face
The background
- Nationality:
- Austrian, US
- Schools:
- Historical School, Lausanne School, Austrian School
- Period:
- early 20th century
The synopsis
The works
Über die mathematische Methode der theoretischen Ökonomie
Das Wesen und der Hauptinhalt der theoretischen Nationalökonomie
The Theory of Economic Development
Capitalism, Socialism and Democracy
History of Economic Analysis
Business Cycles
Ten Great Economists: From Marx to Keynes
The quotes
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.
Marxism is essentially a product of the bourgeois mind.
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.
Bureaucracy is not an obstacle to democracy but an inevitable complement to it.
Our poverty will be brought home to us to its full extent only after the war.
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.
The ballot is stronger than bullets.