Economics Quote by Alfred Marshall

““(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life (5) Burn the mathematics. (6) If you can’t succeed in 4, burn 3. This I do often.””

Alfred Marshall

★ ★ ★ ★ ★ 4.6 out of 5 (4 ratings)

Economics Mathematics Real life

More by Alfred Marshall

I admit that these terms and the diagrams connected with them repel some readers, and fill others with the vain imagination that they have…

Alfred Marshall

Image

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power…

Alfred Marshall

Image

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…

Alfred Marshall

Image

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

Alfred Marshall

Image

Knowledge is our most powerful engine of production.

Alfred Marshall

Image

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…

Alfred Marshall

Image

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

Alfred Marshall

Image

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

Alfred Marshall

Image

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

Image

The hope that poverty and ignorance may gradually be extinguished, derives indeed much support from the steady progress of the working classes during the…

Alfred Marshall

Image

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

Alfred Marshall

Image

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…

Alfred Marshall

Image

Explore all 32 Alfred Marshall quotes

More Economics quotes

Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.

Rupert Murdoch

Image

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

Alan Greenspan

Image

Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…

Christopher Bond

Image

Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned…

Charles Boustany

Image

“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the…

Yaakov Malkin

Image

“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…

Pierre Bourdieu

Image

Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…

Kevin Rudd

Image

Having an economy that works for the 99% is achievable.

Winnie Byanyima

Image

“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…

Michael C. Mankins

Image

The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…

Friedrich August von Hayek

Image

The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.

Frederic Bastiat

Image

“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are…

Karl Marx

Image

Browse all 7,657 Economics quotes

Economics Quote by Alfred Marshall

Related quotes

More by Alfred Marshall

More Economics quotes