The First Thing A Man

I Know That It Is Not Enough To Be Remembered For Books And Theories. One Does Not Make A Difference Unless It Is A Difference In People's Lives.

The Strategic Stimulus To Economic Development In Schumpeter's Analysis Is Innovation, Defined As The Commercial Or Industrial Application Of Something New---a New Product, Process Or Method Of Production, A New Market Or Source Of Supply, A New Form Of Commercial, Business Or Financial Organization.

It Is Quite Possible That Future Generations Will Look Upon Arguments About The Inferiority Of The Socialist Plan As We Look Upon Adam Smith's Argument About Joint Stock Companies Which, Also, Were Simply False.

Profit Is The Payment You Get When You Take Advantage Of Change.

Bureaucracy Is Not An Obstacle To Democracy But An Inevitable Complement To It.