Only great men have great faults.
I set out to become the greatest lover in Vienna, the greatest horseman in Austria, and the greatest economist in the world. Alas, for the illusions of youth: as a horseman, I was never really first-rate.
Innovation is the market introduction of a technical or organisational novelty, not just its invention.
The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by reorganizing an industry and so on.
At the heart of capitalism is creative destruction.
The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues and analyzes in a way which he would readily recognize as infantile within the sphere of his real interests. He becomes primitive again.
Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.
Many things can happen very quickly in times of crisis.
The people who crucified Jesus were not able to see his godliness at all; they could only see the mischief in him.
Cannibalism to a certain moderate extent is practised among several of the primitive tribes in the Pacific, but it is upon the bodies of slain enemies alone; and horrible and fearful as the custom is, immeasurably as it is to be abhorred and condemned, still I assert that those who indulge in it are in other respects humane and virtuous.
Have you not sometimes seen happiness? Yes, the happiness of others.