Capitalism, then, is by nature a form or method of economic change and not only never is but never can be stationary.
Economists
Joseph Schumpeter
Born in Moravia 1883, Schumpeter argued entrepreneurial innovation drives capitalism through creative destruction. After serving as Austria's finance minister, he joined Harvard.
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Joseph Schumpeter's Other Quotes
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Impossible is just a big word thrown around by small men who find it easier to live in the world they've been given than to explore the power they have to change it.
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Everyone thinks of changing the world, but no one thinks of changing himself.
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The day the mountains move has come.
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Truth always changes with changes in human life. It is never eternal and immutable.
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The process of Creative Destruction is the essential fact about capitalism.
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Innovation is the outstanding fact in the economic history of capitalist society.
-- Joseph Schumpeter