Civilized Quote by Alfred Marshall
“Civilized countries generally adopt gold or silver or both as money.”
About This Quote
Source Book: Principles of Economics, 1890
Gold and silver have historically been trusted as stable monetary standards, reflecting societal trust in tangible assets.
In simple terms: Gold and silver are trusted money.
Consider the role of commodity money.
Themes
Mood
Type
When to use this quote
- investing
- historical analysis
- policy making
Key Concepts
Questions to Reflect On
- Is commodity money viable today?
- How does trust affect money?
Modern fiat currencies dominate, reducing relevance.