I can say that General Theory develops, justifies, rationalizes, exten — 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."

"...talking as though the Standard Oil Company was the smallest thing he owned."

"The prophecy of Professor Yeshayahu Leibovitz, that the occupation would corrupt us through and through and turn us into a people of exploiters and secret-service-men, has come awfully true. Nothing has remained of the "beautiful Eretz Israel " but a cloying nostalgia, of which Naomi Shemer was a standard-bearer. A small and gallant state, progressive and (relatively) egalitarian, respected by the world, has become an occupying and looting state, hostage to delirious settlers, full of internal violence and "swinish capitalism" (a phrase coined by Shimon Peres, one of those most responsible for this situation). Throughout the world, the idea of boycotting Israel is gaining ground."

"... looking at woman suffrage from the larger standpoint, it would be to the advantage of the men of the present day to grant women that which is really their right--a full and complete equality in every particular. The double social standard which obtains at the present time, whereby a man may commit the social sin without being ostracized, should be done away with. Womans work should be paid as much as mans work, ... It would be of an enormous benefit to the race if she were given an equal right with man in every particular. For not until then can we hope to see reforms brought about that will really unite humanity. ... While laws are only makeshifts to bring humanity to a higher plane where each one will be a law unto himself, doing right without coercion, it is nevertheless necessary that such reforms should be brought about at the present time by legislation."

"While the double standard is galling, there is no ethical defense of Farrakhan’s anti-Semitic remarks. Mallory’s refusal to specifically disclaim Farrakhan’s anti-Semitism is a stain on her work and advocacy. But the argument that Mallory’s interest in Farrakhan is not rooted in anti-Semitism – that she could support Farrakhan’s advocacy for black equality despite his bigoted blind spots – is a more plausible and, frankly, common posture than most of the media is willing to recognize."

"Myths and fictions accustomed people, nearly from the moment of birth, to think in certain ways, to believe in accordance with certain standards, to want certain things, and to observe certain rules. They thereby create artificial instincts that enable millions of strangers to cooperate effectively. This network of artificial instinct is called Culture."

"The streets are still, the final battle has ended. Flushed with the fight, we proudly hail the dawn. See over the streets, the White mans emblem is waving. Triumphant standards of a race reborn."