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Joseph A. Schumpeter Quotes about Economics

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Economic progress, in capitalist society, means turmoil.

Economic progress, in capitalist society, means turmoil.

Joseph A. Schumpeter
Mean, Progress, Economics
Joseph A. Schumpeter (2003). “Ten Great Economists”, p.77, Routledge

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

Joseph A. Schumpeter
Essentials, Creative Destruction, Economics
Joseph A. Schumpeter (2013). “Capitalism, Socialism and Democracy”, p.82, Routledge

The perennial gale of creative destruction

Joseph A. Schumpeter
Creative, Gale, Economics
Joseph A. Schumpeter (2011). “The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle”, p.37, Transaction Publishers

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