Joseph Schumpeter Quotes

Capitalism without capital is just an ism.

Although capitalism is, in principle, strongly individualistic, it has contributed in practice to reinforce the trend to integration, because it has made our lives more and more interdependent.

The development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.

The free market economy is supposed to be the only path leading to the happiness of humanity by promoting wealth and prosperity, power and influence of nations.

Capitalism and political systems - like companies - must constantly evolve to stay vital.

Capitalism is not an economic system, but a world-outlook, or rather, a part of a whole world-outlook.

Capitalism works.

Under capitalism each individual engages in economic planning.

Capitalism … has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes … Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.

Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.

A market economy is a tool—a valuable and effective tool—for organizing productive activity. A market society is a way of life in which market values sweep into every aspect of human endeavor. It is a place where social relations are made over in the image of the market.

Capitalism is a set of rituals.

Capitalism is the engine that has grown economies.

The European model is, first, a social and economic system founded on the role of the market, for no computer in the world can process information better than the market.

Capitalism is part of our system, but it's not for the faint of heart.

Right now people seem to be very tentative about the positive benefits of capitalism.

My claim is that we do not have a market economy, but a capitalist economy.

Understanding capitalism is in some ways simple. At its best, capitalism rewards creators, makers and providers: the people and firms that create valuable things for others, like imaginative technologies and good food, cars and drugs.

By the time I returned to Czechoslovakia, I had an understanding of the principles of the market.

The greatness of America is capitalism, free market capitalism. The exceptionalism of American business.

Capitalism is a system for determining objective value.

From a systematic standpoint, I think that capitalism is the best system. I can spend a lot of time explaining why I like communism, but it is actually not a good solution. Nor is socialism. So, capitalism is the right model.

I'm not an anti-capitalist, or anarchist. I want capitalism to work.

The historical debate is over. The answer is free-market capitalism.

Establishment of a market economy is seen as mostly involving destruction.