[The structure of the cloud of comets surrounding the Solar System and a hypothesis concerning its origin, Bulletin of the Astronomical Institutes of the Netherlands, 11, 408, 91–110, 3 January 1950, 91, https://openaccess.leidenuniv.nl/bitstream/handle/1887/6036/BAN_11_91_110.pdf?sequence=1]
“The swarm-like appearance of new combinations easily and necessarily explains the fundamental features of periods of boom.”
The Theory of Economic Development (1934), Ch. 6 : The Business Cycle
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Joseph Alois Schumpeter 13
Austrian economist 1883–1950Related quotes
Arthur Cecil Pigou, As quoted in Business Cycles : The Problem and Its Setting (1927) by Wesley Clair Mitchell, p. 19
Notes Toward a Supreme Fiction (1942), It Must Change
Context: Should there be a question of returning or
Of death in memory’s dream? Is spring a sleep?This warmth is for lovers at last accomplishing
Their love, this beginning, not resuming, this
Booming and booming of the new-come bee.
1860s, Life and Letters in New England (1867)
Context: The key to the period appeared to be that the mind had become aware of itself. Men grew reflective and intellectual. There was a new consciousness. The former generations acted under the belief that a shining social prosperity was the beatitude of man, and sacrificed uniformly the citizen to the State. The modern mind believed that the nation existed for the individual, for the guardianship and education of every man. This idea, roughly written in revolutions and national movements, in the mind of the philosopher had far more precision; the individual is the world.
This perception is a sword such as was never drawn before. It divides and detaches bone and marrow, soul and body, yea, almost the man from himself. It is the age of severance, of dissociation, of freedom, of analysis, of detachment. Every man for himself. The public speaker disclaims speaking for any other; he answers only for himself. The social sentiments are weak; the sentiment of patriotism is weak; veneration is low; the natural affections feebler than they were. People grow philosophical about native land and parents and. relations. There is an universal resistance to ties rand ligaments once supposed essential to civil society. The new race is stiff, heady and rebellious; they are fanatics in freedom; they hate tolls, taxes, turnpikes, banks, hierarchies, governors, yea, almost laws. They have a neck of unspeakable tenderness; it winces at a hair. They rebel against theological as against political dogmas; against mediation, or saints, or any nobility in the unseen.
The age tends to solitude. The association of the time is accidental and momentary and hypocritical, the detachment intrinsic and progressive. The association is for power, merely, — for means; the end being the enlargement and independency of the individual.
Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Six
A Disquisition on Government (1851), p. 90
1850s
The Evolution of the Physicist's Picture of Nature (1963)
Context: It seems to be one of the fundamental features of nature that fundamental physical laws are described in terms of a mathematical theory of great beauty and power, needing quite a high standard of mathematics for one to understand it. You may wonder: Why is nature constructed along these lines? One can only answer that our present knowledge seems to show that nature is so constructed. We simply have to accept it. One could perhaps describe the situation by saying that God is a mathematician of a very high order, and He used very advanced mathematics in constructing the universe. Our feeble attempts at mathematics enable us to understand a bit of the universe, and as we proceed to develop higher and higher mathematics we can hope to understand the universe better.
Vol. VIII, p. 150
Joannis Kepleri Astronomi Opera Omnia, ed. Christian Frisch (1858)
Crucible of Creativity (2005)
Context: Putting a new feature into a program is important, but refactoring so new features can be added in the future is equally important. The ability to do things in the future is something that I consider suppleness, like clay your hands that accepts your expression. Programs and documents get brittle very quickly. Wiki imagines a more dynamic environment where we accept change...