Joseph A. Schumpeter

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.

Bureaucracy is not an obstacle to democracy but an inevitable complement to it.

Economic progress, in capitalist society, means turmoil.

We define ourselves as intelligent. That's odd, because we're doing the definition - We're creating our own definition and saying, 'We are intelligent!'

It has been well said that tea is suggestive of a thousand wants, from which spring the decencies and luxuries of civilization.

Communism can't survive the captivating allure of capitalism.