Quotes from Joseph Schumpeter

The first thing a man will do for his ideal is lie

History is a record of effects the vast majority of which nobody intended to produce.

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

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

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.

The evolution of the capitalist style of life could be easily -- and perhaps most tellingly -- described in terms of the genesis of the modern Lounge Suit.

The question that is so clearly in many potential parents minds: Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age?

We always plan too much and always think too little.

THE PROCESS OF CREATIVE DESTRUCTION