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Alfred Marshall Quotes

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Alfred Marshall Quotes: "Political Economy or Economics is a study of mankind in the ordinary business of life."

Political Economy or Economics is a study of mankind in the ordinary business of life.




Alfred Marshall Quotes: "Capital is that part of wealth which is devoted to obtaining further wealth."

Capital is that part of wealth which is devoted to obtaining further wealth.




Alfred Marshall Quotes: "Knowledge is our most powerful engine of production."

Knowledge is our most powerful engine of production.



Alfred Marshall Quotes: "In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context."

In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.




Alfred Marshall Quotes: "Civilized countries generally adopt gold or silver or both as money."

Civilized countries generally adopt gold or silver or both as money.



Alfred Marshall Quotes: "The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes."

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.



Alfred Marshall Quotes: "The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves."

The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.




Alfred Marshall Quotes: "Nature's action is complex: and nothing is gained in the long run by pretending that it is simple, and trying to describe it in a series of elementary propositions."

Nature's action is complex: and nothing is gained in the long run by pretending that it is simple, and trying to describe it in a series of elementary propositions.



Alfred Marshall Quotes: "In every age poets and social reformers have tried to stimulate the people of their own time to a nobler life by enchanting stories of the virtues of the heroes of old."

In every age poets and social reformers have tried to stimulate the people of their own time to a nobler life by enchanting stories of the virtues of the heroes of old.



Alfred Marshall Quotes: "Every short statement about economics is misleading (with the possible exception of my present one)."

Every short statement about economics is misleading (with the possible exception of my present one).



Alfred Marshall Quotes: "The love for money is only one among many."

The love for money is only one among many.



Alfred Marshall Quotes: "Consumption may be regarded as negative production."

Consumption may be regarded as negative production.




Alfred Marshall Quotes: "All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth."

All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth.



Alfred Marshall Quotes: "We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply."

We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply.



Alfred Marshall Quotes: "Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time."

Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time.



Alfred Marshall Quotes: "The commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm."

The commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.



Alfred Marshall Quotes: "Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species."

Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.



Alfred Marshall Quotes: "Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time."

Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time.



Alfred Marshall Quotes: "But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities."

But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities.



Alfred Marshall Quotes: "In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose."

In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose.



Alfred Marshall Quotes: "Though a simple book can be written on selected topics, the central doctrines of economics are not simple and cannot be made so."

Though a simple book can be written on selected topics, the central doctrines of economics are not simple and cannot be made so.



Alfred Marshall Quotes: "Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree."

Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.



Alfred Marshall Quotes: "And very often the influence exerted on a person's character by the amount of his income is hardly less, if it is less, than that exerted by the way in which it is earned."

And very often the influence exerted on a person's character by the amount of his income is hardly less, if it is less, than that exerted by the way in which it is earned.



Alfred Marshall Quotes: "The hope that poverty and ignorance may gradually be extinguished derives indeed much support from the steady progress of the working classes during the 19th century."

The hope that poverty and ignorance may gradually be extinguished derives indeed much support from the steady progress of the working classes during the 19th century.



Alfred Marshall Quotes: "All labour is directed towards producing some effect."

All labour is directed towards producing some effect.



Alfred Marshall Quotes: "Individual and national rights to wealth rest on the basis of civil and international law, or at least of custom that has the force of law."

Individual and national rights to wealth rest on the basis of civil and international law, or at least of custom that has the force of law.



Alfred Marshall Quotes: "The price of every thing rises and falls from time to time and place to place and with every such change the purchasing power of money changes so far as that thing goes."

The price of every thing rises and falls from time to time and place to place and with every such change the purchasing power of money changes so far as that thing goes.