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Joseph A. Schumpeter

Marxism is essentially a product of the bourgeois mind.

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Economic progress, in capitalist society, means turmoil.

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

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

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

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Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.

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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.

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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.

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