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."
- Alfred Marshall
(Related: Time, Nature, Slavery)
"Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species."
- Alfred Marshall
(Related: Land, Leading, Name)
"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
(Related: Time, Benefits, Future, Rights)
"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
(Related: Character, Class, First)
"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
(Related: Age, Life, Time, People, Heroes, Old, Poets)
"In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context."
- Alfred Marshall
(Related: Meaning, Needs, Word)
"Civilized countries generally adopt gold or silver or both as money."
- Alfred Marshall
(Related: Money, Countries, Gold)
"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
(Related: Change, Money, Power, Time)
"Consumption may be regarded as negative production."
- Alfred Marshall
(Related: Negative, May, Production)
"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
(Related: Money, Nature, Power, Inventions, Man, Value)
"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
(Related: Character, Income, Influence)
"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
(Related: Purpose, Absence, May)
"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
(Related: Wealth)
"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
(Related: Wealth, Custom, Force, Rights, Law, Rest)
"Capital is that part of wealth which is devoted to obtaining further wealth."
- Alfred Marshall
(Related: Wealth)
"Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree."
- Alfred Marshall
"All labour is directed towards producing some effect."
- Alfred Marshall
(Related: Effect)