Joseph Schumpeter Quotes

Innovating economies expand and develop. Economies that do not add new kinds of goods and services, but continue only to repeat old work, do not expand much nor do they, by definition, develop.

Every startup has a chance to change the world, by bringing not just a new product, but an entirely new institution into existence.

If you look at America, one of the great strengths of America is its university towns and the way a lot of their businesses and a lot of their innovation and enormous economic growth have come from reducing that gap, getting those universities directly involved in start-up businesses, green field businesses, new development businesses.

Entrepreneurs have the flexibility and the ability to do things that large companies simply cannot. Could a large company pull off a trick like Amyris, going from anti-malaria medicine to next-generation fuel?

Mass prosperity came with the mass innovation that sprung up in 1815 in Britain, soon after in America, and later in Germany and France: It brought sustained growth to these nations - also to nations with entrepreneurs willing and able to copy the innovations.

It's important to remember that innovators in business don't always get a platform.

Disruption is a critical element of the evolution of technology - from the positive and negative aspects of disruption a typical pattern emerges, as new technologies come to market and subsequently take hold.

Supporting the entrepreneurial spirit is our best chance for economic progress.

The 1920s and 1930s were a period of sensational productivity growth: new products were springing up all over the place, and most of those new products and new methods were developed by people who started their own companies.

How did the economy produce all these amazing things that we have around us - computers and cell phones and so on? There were a bunch of ideas, and the good ones grew and prospered. And the bad ones were pretty ruthlessly weeded out.

We always say Jordan is not rich in natural resources - we don't have oil or gas like some of our neighbors do - but I think in terms of human resources, we are quite lucky and we are really trying to foster an environment of innovation and technology. I think Jordan will emerge as a center of innovation in the Middle East.

No nation has embraced Total Quality Management, e-commerce and e-government with greater enthusiasm than Dubai. Such innovations have given Dubai a competitive edge and an accelerated growth rate that few could match.

Great entrepreneurs focus intensely on an opportunity where others see nothing.

We live in a dynamic time, where the rate of change and the rate of innovation are very high. It’s not equal in all segments or sectors of the economy, but we are seeing a lot of innovation in certain sectors, and I expect that to continue.

Remember: you cannot build a better mouse trap by fixing the old one - NewCo demands active ownership, and that activity is not the sum of doing multiple jobs but, instead, the sum of implementing paradigm-shifting changes that create new industries and solutions.

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.

Innovation really is the life blood of our American economy... looking back at the stories of Thomas Edison, Alexander Graham Bell, and the Wright Brothers, you look at emergence to technology innovation and what it has done for our economy. We need to continue that.

Entrepreneurship is the key to emerging technologies.

We need to unleash the entrepreneurial spirit that is alive in Colorado.

I do think there are more and more entrepreneurs all the time that think big. Those are the people we should be finding and funding. Most of them will fail, but the ones who succeed will change the world, and that is progress.

Innovation and commerce are as powerful tools for creating social progress as they are for driving technological advancement.

As I continue to believe that innovation and entrepreneurship are the key drivers to our economic future, it's frustrating to hear such little cogent discussion around it.

A lot of the entrepreneurs and founders have big dreams and are on a mission to build things that the world has never seen before.

I'm in favour of entrepreneurial, risk-taking businesses that create great products and services.