Alfred Marshall Quotes

23 quotes in 367 categories

• We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of…
• I admit that these terms and the diagrams connected with them repel some readers, and fill others with the vain imagination that they have mastered…
• Capital is that part of wealth which is devoted to obtaining further wealth.
• The hope that poverty and ignorance may gradually be extinguished derives indeed much support from the steady progress of the working classes during the 19th…
• The most valuable of all capital is that invested in human beings
• All labour is directed towards producing some effect.
• 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.
• 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…
• 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…
• Consumption may be regarded as negative production.
• 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…
• Knowledge is our most powerful engine of production.
• Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time.
• 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…
• Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
• Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
• In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
• 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…
• 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…
• 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…

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