Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [...] is at the center of practically all the phenomena, difficulties, and problems of economic life in capitalist society.

Capitalism stands its trial before judges who have the sentence of death in their pockets. They are going to pass it, whatever the defense they may hear; the only success victorious defense can possibly produce is a change in the indictment.

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.

Politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can't bother about where they're going.

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.

In economic life competition is never completely lacking, but hardly ever is it perfect.