Creative destruction is the process by which the old makes w... - Joseph Schumpeter

This quote is attributed to Joseph Schumpeter.

"Creative destruction is the process by which the old makes way for the new."

Joseph Schumpeter Creativity

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."

"When life gives you lemons, make something beautiful."

"Creativity knows no bounds."

"Creativity is the expression of the soul."

"I'm making this up as I go."