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Joseph Alois Schumpeter (February 8, 1883 – January 8, 1950) was an economist from Austria and an influential political scientist.
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- To realize the relative validity of one's convictions, and yet stand for them unflinchingly is what distinguishes a civilized man from a barbarian.
- Cassel is 10 per cent Walras and 90 per cent water.
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- Gentlemen, a depression is for capitalism like a good, cold douche. (To economics students, recorded by RL Heilbroner, The Embarrassment of Economics, 1996)[1]
- Innovation is the market introduction of a technical or organisational novelty, not just its invention. (Theorie der wirtschaftlichen Entwicklung, 1911)
[edit] References
- ↑ http://books.google.com.au/books?id=lTlCaXVcjAoC&pg=PA318&lpg=PA318&dq=schumpeter+douche&source=web&ots=F4XXqS6Mx2&sig=MfFn2EO_S7Ju1zdXxcLh22r-HX8&hl=en&sa=X&oi=book_result&resnum=5&ct=result
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