Joseph A. Schumpeter Quotes

Joseph A. Schumpeter

American Economist

Born: Feb 8, 1883

Died: Jan 8, 1950

Capitalism Capitalist Capitalist Society Democracy Economic Production

Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell

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

Democracy Inevitable Complement Obstacle Bureaucracy

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

Entrepreneur Value Profit Entrepreneurial Production Expression

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