Alfred Marshall Quotes

All labour is directed towards producing some effect.
Alfred Marshall

Effect, Labour, Directed

Consumption may be regarded as negative production.
Alfred Marshall

May, Negative, Production

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

Human, Wealth, Wants

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

Money, Both, Gold

It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character.
Alfred Marshall

Character, While, Less

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

Again, Economic, Degree

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

Character, Person, Often

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

Nature, Money, Power

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

Finance, Wealth, Capital

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

Word, Almost, Meaning

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

Life, Age, Time

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

Human, May, Short

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

Law, Rights, Rest

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

Time, Future, Rights

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

Name, Land, Leading

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

Nature, Time, Themselves

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

Hope, Ignorance, May

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

Finance, Change, Time

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Biography

Nationality: English

Type: Economist

Born: July 26, 1842

Died: July 13, 1924

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Cite this Page: Citation

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