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Nothing Is So Retentive As A Nation's Memory.
-Joseph A. Schumpeter
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Nothing Is So Retentive As A Nation's
Joseph A. Schumpeter
Nothing Is So Retentive As A Nation's Memory.
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Memories
Nations
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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.
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It Is Not True That Democracy Will Always Safeguard Freedom Of Conscience Better Than Autocracy. Witness The Most Famous Of All Trials. Pilate Was, From The Standpoint Of The Jews, Certainly The Representative Of Autocracy. Yet He Tried To Protect Freedom. And He Yielded To A Democracy.
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Innovation Is The Market Introduction Of A Technical Or Organisational Novelty, Not Just Its Invention.
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Profit Is The Payment You Get When You Take Advantage Of Change.
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For The Duration Of Its Collective Life, Or The Time During Which Its Identity May Be Assumed, Each Class Resembles A Hotel Or An Omnibus, Always Full, But Always Of Different People.
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