The evolution of the capitalist style of life could be easily - and perhaps most tellingly - described … - Joseph A. Schumpeter

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So do your duty, boys, and join with prideServe your country in her suicideFind the flags so you can wave goodbyeBut just before the end even treason might be worth a tryThis country is too young to dieI declare the war is overIt's over, it's over.

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.

Capitalist, Evolution, Perhaps, Style, Suits

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Innovation is the market introduction of a technical or organisational novelty, not just its invention.

Innovation, Invention, Market, Novelty, Technical

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by reorganizing an industry and so on.

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At the heart of capitalism is creative destruction.

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The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues and analyzes in a way which he would readily recognize as infantile within the sphere of his real interests. He becomes primitive again.

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Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.

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