Joseph Schumpeter

Economist Historian Austrian-American 1883 – 1950

Introduced creative destruction theory and entrepreneurship economics.

423 quotes

"Time is the currency that no amount of money can purchase or redeem."
Time
"The powerful are not those with the most resources, but those who use resources most creatively."
Power
"Tradition is the refuge of those too timid to imagine alternatives."
Change
"Economic systems rise and fall not by moral decree, but by their capacity to satisfy human wants."
"The bureaucrat's greatest achievement is the perfection of mediocrity."
Work
"History teaches us that certainty precedes disaster."
History
"The pursuit of happiness through material means is like chasing one's shadow."
Happiness
"Innovation requires the willingness to be wrong, publicly and repeatedly."
Perseverance
"The intellectual criticizes without responsibility; the entrepreneur acts with accountability."
Leadership
"Gratitude is the emotion most foreign to those obsessed with what they lack."
Gratitude
"In times of peace, mediocrity rises; in times of change, genius is finally recognized."
Change
"The future belongs not to the strongest, but to those most capable of adaptation."
Strength
"Imagination is the only commodity that multiplies when shared."
Imagination
"The greatest paradox of capitalism is that it thrives by creating discontent with contentment."
Philosophy
"Truth is not discovered; it is created through the friction of competing ideas."
Truth
"Patience is the virtue that separates the visionary from the dreamer."
Patience
"Art and science are merely different languages for describing reality."
Art
"The moment one believes oneself indispensable is the moment one begins to decline."
"Peace is merely the space between competitions, not the natural state of humanity."
Peace
"Technology amplifies both human genius and human folly equally."
Technology
"The educated man is often the most imprisoned by the assumptions of his education."
Education
"Kindness without wisdom is sentimentality; kindness with wisdom is true compassion."
Kindness
"Adventure is what we call the pursuit of uncertain outcomes by those with sufficient courage."
Adventure
"The greatest strength is the ability to appear weak while remaining powerful."
Strength
"Relationships are formed not by proximity but by the alignment of visions for the future."
Relationships
"Solitude is where the greatest ideas gestate, though they require society to be born."
Solitude
"Music is the language of those emotions that logic cannot quite capture."
Music
"Faith in oneself is the prerequisite for achievement; faith in others is its accelerant."
Faith
"Beauty is not in the object, but in the observer's recognition of perfect proportion."
Beauty
"War accelerates innovation in the way that peace cannot match."
War