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Top 50 Joseph A. Schumpeter Quotes (2025 Update)
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Joseph A. Schumpeter Quote: “The trouble with Russia is not that she is socialist but that she is Russia.”

51. “The trouble with Russia is not that she is socialist but that she is Russia.”

— Joseph A. Schumpeter

Joseph A. Schumpeter Quote: “The very foundation of private property and free contracting wears away in a nation in which its most vital, most concrete, most meaningful types of private property and free contracting disappear from the moral horizon of the people.”

52. “The very foundation of private property and free contracting wears away in a nation in which its most vital, most concrete, most meaningful types of private property and free contracting disappear from the moral horizon of the people.”

— Joseph A. Schumpeter

Joseph A. Schumpeter Quote: “It is quite possible that future generations will look upon arguments about the inferiority of the socialist plan as we look upon Adam Smith’s argument about joint stock companies which, also, were simply false.”

53. “It is quite possible that future generations will look upon arguments about the inferiority of the socialist plan as we look upon Adam Smith’s argument about joint stock companies which, also, were simply false.”

— Joseph A. Schumpeter

Joseph A. Schumpeter Quote: “It is not true that democracy will always safeguard freedom of conscience better than autocracy. Witness the most famous of all trials. Pilate was, from the standpoint of the Jews, certainly the representative of autocracy. Yet he tried to protect freedom. And he yielded to a democracy.”

54. “It is not true that democracy will always safeguard freedom of conscience better than autocracy. Witness the most famous of all trials. Pilate was, from the standpoint of the Jews, certainly the representative of autocracy. Yet he tried to protect freedom. And he yielded to a democracy.”

— Joseph A. Schumpeter

Joseph A. Schumpeter Quote: “Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.”

55. “Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.”

— Joseph A. Schumpeter

Joseph A. Schumpeter Quote: “For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.”

56. “For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.”

— Joseph A. Schumpeter

Joseph A. Schumpeter Quote: “For one thing, to predict the advent of big business was considering the conditions of Marx’s day an achievement in itself.”

57. “For one thing, to predict the advent of big business was considering the conditions of Marx’s day an achievement in itself.”

— Joseph A. Schumpeter

Joseph A. Schumpeter Quote: “Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer capitalist despair-may confidently be anticipated. History is as simple a that.”

58. “Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer capitalist despair-may confidently be anticipated. History is as simple a that.”

— Joseph A. Schumpeter

Joseph A. Schumpeter Quote: “Analysis, whether economic or other, never yields more than a statement about the tendencies present in an observable pattern. And these never tell us what will happen to the pattern but only what would happen if they continued to act as they have been acting in the time interval covered by our observation and if no other factors intruded. “Inevitability” or “necessity” can never mean more than this.”

59. “Analysis, whether economic or other, never yields more than a statement about the tendencies present in an observable pattern. And these never tell us what will happen to the pattern but only what would happen if they continued to act as they have been acting in the time interval covered by our observation and if no other factors intruded. “Inevitability” or “necessity” can never mean more than this.”

— Joseph A. Schumpeter

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