Joseph Schumpeter Quotes

You have to remember a lot of business is very cyclical.

The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.

There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.

The fact of the matter is, this is a very dynamic economy we have, and in this dynamic economy, you have a lot of job gains, but you also have job loss.

Listen, I wish economic growth only went in one direction. It doesn't. There are economic downturns. They're painful, they're harmful, and they hurt families.

Not every business cycle has a financial crisis. Frequently they do.

No President has yet repealed the business cycle.

Progress" unstabilizes the economic world, or that it is by virtue of its mechanism a cyclical process.

The great mass of people are incapable of realizing that in economic life nothing is permanent except change. They regard the existing state of affairs as eternal; as it has been so shall it always be.

Economies are about momentum.

Declines in specific industries can never ignite a general depression. Shifts in data will cause increases in activity in one field, declines in another.

The inborn instability of capitalism has been part of the history of the system for several hundred years.

There has always been, and there always will be, an economic cycle.

The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.

Commerce changes entirely the fate and genius of nations, by communicating arts and opinions, circulating money, and introducing the materials of luxury; she first opens and polishes the mind, then corrupts and enervates both that and the body.

Trade is a social act. Whoever undertakes to sell any description of any goods to the public, does what affects the interest of other persons, and of society in general; and thus his conduct, in principal, comes within the jurisdiction of society.

Rumor travels faster, but it don't stay put as long as truth.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

One engaged in a commercial pursuit. A commercial pursuit is one in which the thing pursued is a dollar.

By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.

Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes. The fact is that socialism and inflation are cause and effect, they feed on each other!

Business is what concerns us. If you care about something enough to do something about it, you're in business

A state in India will have more traders than perhaps a European nation. Trade is a great way to integrate people.

There are unlimited opportunities for display advertising. In fact, we're in the process of massive change in the display industry - how it's bought, how it's sold, and how it's targeted.