Joseph A. Schumpeter Quotes

Queen Elizabeth owned silk stockings. The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within the reach of factory girls in return for steadily decreasing amount of effort.

Can capitalism survive? No, I do not think it can.

The cold metal of economic theory is in Marx’s pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own.

When I was a young man, I wanted to be three things: I wanted to be the world’s greatest horseman, the world’s greatest economist, and the world’s greatest lover. Unfortunately I never became the world’s greatest horseman.