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Joseph A. Schumpeter Quotes
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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