The perennial gale of creative destruction

The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process

Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.

All we can thus far say about the duration of the units of [the business cycle] and each of [its] two phases is that it will depend on the nature of the particular innovations that carry a cycle,... and the financial conditions and habits prevailing in the business community in each case.

It is not true that democracy will always safeguard freedom of conscience better than autocracy. Witness the most famous of all trials. Pilate was, from the standpoint of the Jews, certainly the representative of autocracy. Yet he tried to protect freedom. And he yielded to a democracy.

Innovations are changes which cannot be decomposed into infinitessimal steps.

Why should we stunt our ambitions and impoverish our lives in order to be insulted and looked down upon in our old age?