As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner. It is incessantly being revolutionized from within by new enterprise, i.e., by the intrusion of new commodities or new methods of production or new commercial opportunities into the industrial structure as it exists at any moment.
--
Part I, Chapter III, pg.31Joseph Schumpeter
» Joseph Schumpeter - all quotes »
The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U. S. Steel illustrate the same process of industrial mutation-if I may use that biological term-that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism.
Joseph Schumpeter
The organized workers of America, free in their industrial life, conscious partners in production, secure in their homes and enjoying a decent standard of living, will prove the finest bulwark against the intrusion of alien doctrines of government.
John L. Lewis
In a social order dominated by capitalist production even the non-capitalist producer is gripped by capitalist conceptions.
Karl Marx
Capital, explaining the origins of the capitalist mode of production, points towards the inevitable historical decline and fall of this same social system. An economic theory based upon the historical relativity of every economic system, its strict limitation in time, tactlessly reminds Messrs the capitalists, their hangers-on and their apologists that capitalism itself is a product of history. It will perish in due course as it once was born. A new social form of economic organization will then take the place of the capitalist one: it will function according to other laws than those which govern the capitalist economy.
Ernest Mandel
I am now convinced that theoretical physics is actually philosophy. It has revolutionized fundamental concepts, e.g., abut space and time (relativity), about causality (quantum theory), and about substance and matter (atomistics). It has taught us new methods of thinking (complimentarity), which are applicable far beyond physics.
Max Born
Schumpeter, Joseph
Schuon, Frithjof
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z