The carrying out of new combinations is the only kind of act... - Joseph Schumpeter

"The carrying out of new combinations is the only kind of action that is, for the purpose of dynamic economics, fundamentally important."

Joseph Schumpeter Work

Economist Historian Austrian-American 1883–1950

More from Joseph Schumpeter

"The entrepreneur is the pivotal actor in the capitalist economy."

"Innovation is the outstanding fact in the economic history of capitalist societies."

"Capitalism is being killed by its achievements."

"The function of entrepreneurs is to reform or revolutionize the pattern of production."

"Hard work never killed anybody."

"Work with purpose and integrity."

"Hard work pays off in the end."

"A man's gotta do what a man's gotta do."