The metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own.

Economic progress, in capitalist society, means turmoil.

This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it.

Creative Destruction is the essential fact about capitalism.

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.

Nothing is so treacherous as the obvious.

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