Monday, February 24, 2020 Text is available under the CC BY-SA 3.0 licence.

Joseph Schumpeter (1883 – 1950)

Economist from Austria and an influential political scientist.
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Joseph Schumpeter
The stock exchange is a poor substitute for the Holy Grail.
Schumpeter quotes
The capitalist process shapes things and souls for socialism.
Any existing structures and all the conditions of doing business are always in a process of change. Every situation is being upset before it has had time to work itself out. Economic progress, in a capitalist society, means turmoil.

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