Joseph Schumpeter Quotes

The enormous dynamic and creative, as well as destructive energy of capitalism... is written up with more praise and more respect by Marx and Engels in the 1848 Communist Manifesto than probably by anyone since. I don't think anyone has ever said so precisely and with such awed admiration how great capitalism is, how inventive, how innovative, how dynamic, how much force of creativity it unleashes.

Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.

Once you get to the Enlightenment, the way that powers get to be hyperpowers isn't just by conquest. It's through commerce and innovation. Societies like the Dutch Republic and the United States used tolerance to become a magnet for enterprising immigrants.

From computers to information technology to airplanes, it has been America's unique blend of republican government and free-market capitalism that has allowed us to surpass all other nations in history.

To me, innovations are the wheel, fire, language, movable type. There are not 3 million innovations; there are 3 million inventions.

Once a few Facebook employees put together a promising idea and start a company, that's very exciting to people. I happen to think being a Facebook employee is really correlated with good ideas.

The emergence of a hardware product from an African company marks a phase-change point for tech invention. The BRCK shows that great ideas can come from anywhere, that innovation comes from solving real problems with constrained resources.

At its very best, the Western model speaks for itself. It's the model that put food on the table. It's the refrigerators. It put a man on the moon.

Good intentions can often lead to unintended consequences. It is hard to imagine a law intended for the workforce known to Henry Ford can serve the needs of a workplace shaped by the innovations of Bill Gates.

Furthermore, the spirit of enterprise which had its first intellectual development in England has especially flourished here as well as throughout all of Canada, while the same spirit has become less virile in the land of its origin.

There has always been at each decisive period of the world’s history some voice, some note, that represented … prevailing power …. And now finally, there was heard in the streets the murmur of the newest and most perfect of forces, the automobile, rushing along at the rate of 25 miles and hour.

Marx never saw an electric light bulb.

The facts of our present industrial system are of so, complicated a nature that they have not only defied the attention of economists for the last fifty years, but they have deceived practical men who have given to them not only the time economists have given, but their whole lives.

Brazil was a capitalist society without capital.

Great innovators like Thomas Alva Edison, Henry Ford, and Andrew Carnegie didn't rely on government. There was hardly any of it in those days. More recently, Steve Jobs, Bill Gates, and Larry Ellison used genius to put brand-new ideas into production.

I have tremendous admiration for companies with the kind of pioneering spirit and innovation eBay has demonstrated from day one.

In antiquity, agriculture and industry depended completely on human labor; but now, with the development of natural forces that human labor cannot match, agriculture and industry have fallen completely into the hands of the capitalists. The greater the amount of capital, the more abundant the resources that can be utilized.

We should raise fierce flames of innovations in the vanguard sectors, basic industrial sectors, and all other sectors of the national economy.

TalkTalk's culture is one of a start-up... new services, desire to innovate, move fast.

On the day he unveiled the Macintosh, a reporter from Popular Science asked Jobs what type of market research he had done. Jobs responded by scoffing, "Did Alexander Graham Bell do any market research before he invented the telephone?

Washington is no place in which to carry out inventions

With capitalism and prosperity came something new: the idea of progress. This is the notion that things are getting better and will continue to get better in the future.

No company has a permanent consumer franchise. No one has the only game in town. The never-ending cycle of destruction and change inherent in a capitalist economy always provides new opportunities for those with determination, goals and concentration.

If we generally like the way things are now, we must also ask whether our current situation is really so different from the open ages of radio, film, or the telephone. Might it not also have seemed in those times that the orgy of limitless entrepreneurism would never end? The point is that we are near the high end of a pendulum arc that, so far, has aways begun to swing in the opposite direction -toward greater integration and centralization- with a force that can seem inexorable.

The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.