Situations emerge in the process of creative destruction in which many firms may have to perish that nevertheless would be able to live on vigorously and usefully if they could weather a particular storm.

Creative Destruction is the essential fact about capitalism.

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

Economic progress, in capitalist society, means turmoil.

To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions.

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

The success of everything depends on intuition, the capacity of seeing things in a way which afterwards proves to be true, even though it cannot be established at the moment, and of grasping the essential fact, discarding the unessential, even though one can give no account of the principles by which this is done.