Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest. – Joseph A. Schumpeter
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production. – Joseph A. Schumpeter
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. – Joseph A. Schumpeter
Bureaucracy is not an obstacle to democracy but an inevitable complement to it. – Joseph A. Schumpeter
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. – Joseph A. Schumpeter
