Schumpeter Entrepreneurship Quotes & Sayings

The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism. — Joseph A. Schumpeter

Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society - and especially in the economy - as doing something different rather than doing better what is already being done. That is basically what Say, two hundred years ago, meant when he coined the term entrepreneur. It was intended as a manifesto and as a declaration of dissent: the entrepreneur upsets and disorganizes. As Joseph Schumpeter formulated it, his task is creative destruction. — Peter F. Drucker