The entrepreneur is never a risk-taker in the sense that he ... - Joseph Schumpeter

This quote is attributed to Joseph Schumpeter.

"The entrepreneur is never a risk-taker in the sense that he bets on his luck. He acts on knowledge."

Joseph Schumpeter Leadership

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."

"A leader must be fair and just."

"Integrity is everything."

"One must take responsibility for one's environment."

"In this house, I make the decisions"