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My kids are too old to remember this now but, when they were much younger, I swore to them if this miracle ever happened, I would receive it in the spirit of Tigger from Winnie the Pooh, and thats what that was.

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Joseph A. Schumpeter

Our poverty will be brought home to us to its full extent only after the war.

Brought, Home, Peace, War
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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.

Entrepreneur, Function, Opening Up, Pattern, Reform, Way

At the heart of capitalism is creative destruction.

Capitalism, Creative, Destruction, Heart

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.

Becomes, Field, Political, Primitive, Real, Typical

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

Established, Intuition, Moments, Prove, Success
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