Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
More Quotes from Joseph A. Schumpeter:
The ballot is stronger than bullets.Joseph A. Schumpeter
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 . . .
Joseph A. Schumpeter
The evolution of the capitalist style of life could be easily -- and perhaps most tellingly -- described in terms of the genesis of the modern Lounge Suit.
Joseph A. Schumpeter
We always plan too much and always think too little.
Joseph A. Schumpeter
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.
Joseph A. Schumpeter
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Based on Topics: Value QuotesBased on Keywords: entrepreneur, entrepreneurial
I want to take a few years out, maybe make a couple of more films or whatever.
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Our farmers and ranchers have never faced as many problems as they do today with drought, range fires, high gas prices and an ever tightening budget on agriculture subsidies.
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Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.
Alexis de Tocqueville