Joseph Schumpeter Quotes
Without development there is no profit, without profit no development.
Topics
Development
Growth
Wealth
Austria
Economic Growth
Financial Resources
Investment, Investments
Profit
Profit Margin
Profit Motive
Risk-management
Sustainable Development
Development & Growth
Business Cycle
Business Success
Capital Expenditure
Capital Growth
Economic Progress
Financial Gain
Income Generation
Market Expansion
Return on Investment
Citations
Joseph A. Schumpeter, 1883–1950, Austrian Economist & Political Scientist, The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, 1936
Sourced by: Eigen's Political and Historical Quotations
Related Quotes
Joseph Aloïs Schumpeter was an Austrian political economist. Born in Moravia, he briefly served as Finance Minister of Austria in 1919. In 1932, he became a professor at Harvard University where he remained until the end of his career, eventually obtaining U.S. citizenship. One of the most influential economists of the 20th century, Schumpeter popularized the term "creative destruction" in economics.