Business Quote by Alfred Marshall
“Political Economy or Economics is a study of mankind in the ordinary business of life.”
About This Quote
Source Book: Principles of Economics, 1890
Economics examines everyday human activity and how people allocate resources in daily life.
In simple terms: Economics studies daily human behavior.
Key Takeaway
Observe how ordinary choices reflect economic principles.
Themes
economics
human behavior
resource allocation
Mood
analytical
reflective
Type
educational
philosophical
When to use this quote
- budgeting
- shopping
- time management
- community planning
Key Concepts
microeconomics
social science
Questions to Reflect On
- How do daily habits reveal economic trade‑offs?
- What resources do you allocate without noticing?
A Different Perspective
Economic models may oversimplify complex motivations.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)