The transition from feudalism to capitalism required a revol... - Joseph Schumpeter

This quote is attributed to Joseph Schumpeter.

"The transition from feudalism to capitalism required a revolution in thought as well as in institutions."

Joseph Schumpeter Change

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."

"Change brings new opportunities."

"Every day is a new opportunity."

"Healing doesn't mean forgetting."

"You either get better or you get bitter."