Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.

Quote by Joseph A Schumpeter

Topics: Joseph A Schumpeter Quotes

The ballot is stronger than bullets.

The ballot is stronger than bullets.

Democracy is a political method, that is to say, a certain type of institutional arrangement...

Democracy is a political method, that is to say, a certain type of institutional arrangement...

Economic progress, in capitalist society, means turmoil.

Economic progress, in capitalist society, means turmoil.

Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and...

Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and...

Bureaucracy is not an obstacle to democracy but an inevitable complement to it.

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...

Our poverty will be brought home to us to its full extent only after the...

For the duration of its collective life, or the time during which its identity may...

For the duration of its collective life, or the time during which its identity may...

Marxism is essentially a product of the bourgeois mind.

Marxism is essentially a product of the bourgeois mind.

The question that is so clearly in many potential parents' minds: 'Why should we stunt...

The question that is so clearly in many potential parents' minds: 'Why should we stunt...

The ballot is stronger than bullets.

The ballot is stronger than bullets.