Access to the national dividend is usually to be had only on condition of some productive service previously rendered or of some product previously sold. This condition is, in this case, not yet fulfilled. It will be fulfilled only after the successful completion of the new combinations. Hence this credit will in the meantime affect the price level.

The perennial gale of creative destruction

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

Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones

I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a difference in people's lives.

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

Our poverty will be brought home to us to its full extent only after the war.