For Schumpeter, capitalism itself could not possibly make for conquest — Joseph Schumpeter

"The innovation is hazardous, impossible for most producers. But if someone establishes a business having regard to this source of supply, and everything goes well, then he can produce a unit of product more cheaply, while at first the existing prices substantially continue to exist. He then makes a profit. Again he has contributed nothing but will and action, has done nothing but recombine existing factors. Again he is an entrepreneur, his profit entrepreneurial profit. And again the latter, and also the entrepreneurial function as such, perish in the vortex of the competition which streams after them. The case of the choice of new trade routes belongs here."

"Maybe we expect too much from democracy. The economist Joseph Schumpeter, one of the great modern thinkers to address the question, certainly thought so. Eighteenth-century optimists believed that there was such a thing as the common good, that people could determine it for themselves, and that they would then elect representatives to carry out their will. This “classical theory of democracy,” as Schumpeter argued in 1942, was more a quasi-religious expression of hope than an actual description of how democracies worked. There is no such thing as the common good, he delighted in pointing out. And even if there were, ordinary citizens, including the more educated among them, would be too irrational in their desires and too easily fooled to know what it might be. In theory democratic citizens raise and decide issues. In practice, “the issues that shape their fate are normally decided for them.”"

"This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it."

"The aristocratic and the modern were inextricably combined in Joseph Schumpeter. The paradoxes of this great economist, who also served as minister of finance in the post- World War I government of Austria, are suggested by the fact that at his first teaching post, he challenged the university librarian to a duel to win freer access to books for the students. Perhaps Schumpeter was attracted to the big issues because he himself witnessed drastic changes in society."

"Gentlemen, you are worried about the depression[sic]. You should not be. For capitalism, a depression is a good, cold douche."

"The first thing a man will do for his ideals is lie."

"yes is a pleasant country... love is a deeper season than reason"

"true lovers in each happening of their hearts live longer than all which and every who"

"What concerns me fundamentaly is a meteoric burlesk melodrama, born of the immemorial adage love will find a way."

"I am dominated by one thing, an irresistible, burning attraction towards the abstract. The expression of human feelings and the passions of man certainly interest me deeply, but I am less concerned with expressing the motions of the soul and mind than to render visible, so to speak, the inner flashes of intuition which have something divine in their apparent insignificance and reveal magic, even divine horizons, when they are transposed into the marvellous effects of pure plastic art."

"and liars kill their kind but her,my love creates love only our"

"The anxiety to be admired is a loveless passion ... , loud on the hustings, gay in the ball-room, mute and sullen at the family fireside."