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— Joseph A. Schumpeter"The strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of something new---a new product, process or method of production, a new market or source of supply, a new form of commercial, business or financial organization."
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Power to the people' can only be put into practice when the power exercised by social elites is dissolved into the people. Each individual can then take control of his daily life. If 'Power to the people' means nothing more than power to the 'leaders' of the people, then the people remain an undifferentiated, manipulatable mass, as powerless after the revolution as they were before. In the last analysis, the people can never have power until they disappear as a 'people.
— Murray Bookchin
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Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.
— Bill Gross
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