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Creative Quotations from . . .
Joseph A. Schumpeter
(1883-1950) born on
Feb 08
Moravian-US economist, sociologist. He was well known for his theories of capitalist development and business cycles.
         
   
F
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.

R
Marxism is essentially a product of the bourgeois mind.
A
Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political -- legislative and administrative -- decisions and hence incapable of being an end in itself.
N
Economic progress, in capitalist society, means turmoil.
K
To the believer [Marxism] presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions . . .
 
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Published Sources for the above Quotations:
F: "Capitalism, Socialism and Democracy," ch. 13, sct.2, 1942.
R: "Capitalism, Socialism and Democracy," ch. 1, 1942.
A: "Capitalism, Socialism and Democracy," ch. 20, sct. 3, 1942.
N: "Capitalism, Socialism and Democracy," ch. 3, 1942.
K: "Capitalism, Socialism and Democracy," ch. 1, 1942.
   


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