For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.
More Quotes from Joseph A. Schumpeter:
The question that is so clearly in many potential parents' minds Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age.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
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
Economic progress, in capitalist society, means turmoil.
Joseph A. Schumpeter
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