The real wealth of nations consists not in the abundance of ... - Joseph Schumpeter

"The real wealth of nations consists not in the abundance of commodities but in the capacity to produce them."

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."