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

Creative Destruction is the essential fact about capitalism.

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.

Those revolutions are not strictly incessant; they occur in discrete rushes which are separated from each other by spans of comparative quiet. The process as a whole works incessantly however, in the sense that there always is either revolution or absorption of the results of revolution, both together forming what are known as business cycles.

We always plan too much and always think too little.

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

There exists no more democratic institution than the market