Quote by 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."

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