Quotes from book
Capitalism, Socialism and Democracy

Name: Capitalism, Socialism and Democracy
Author: Joseph Alois Schumpeter

Joseph Alois Schumpeter

Capitalism, Socialism and Democracy is a book on economics by Joseph Schumpeter, arguably the most famous, debated and important books by Schumpeter, and one of the most famous, debated and important books on social theory, social sciences and economics, in which he deals with capitalism, socialism and creative destruction. First published in 1942, it is largely unmathematical compared with neoclassical works, focusing on unexpected, rapid spurts of entrepreneur-driven growth instead of static models.It is the third most cited book in the social sciences published before 1950, behind Marx's Capital and The Wealth of Nations by Adam Smith.

“Geniuses and prophets do not usually excel in professional learning, and their originality, if any, is often due precisely to the fact that they do not.”

Joseph Alois Schumpeter book Capitalism, Socialism and Democracy

Source: Capitalism, Socialism and Democracy