Economic performance alone cannot raise the standard of livi... - Joseph Schumpeter

This quote is attributed to Joseph Schumpeter.

"Economic performance alone cannot raise the standard of living unless it is accompanied by cultural and moral development."

Joseph Schumpeter Wisdom

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."

"I'm not angry, I'm just disappointed."

"The best things in life are free."

"You can't have everything in life, but you can have what matters most."

"A woman's intuition is rarely wrong."