Innovation is the market introduction of a technical or organisational novelty, not just its invention.
Joseph A. SchumpeterDemocracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political — legislative and administrative — decisions and hence incapable of being an end in itself.
Joseph A. SchumpeterThe 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.
Joseph A. Schumpeter