The First Thing A Man Will Do

Situations Emerge In The Process Of Creative Destruction In Which Many Firms May Have To Perish That Nevertheless Would Be Able To Live On Vigorously And Usefully If They Could Weather A Particular Storm.

The Stock Exchange Is A Poor Substitute For The Holy Grail.

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.

Creative Destruction Is The Essential Fact About Capitalism.

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.