Alfred Marshall Quotes & Sayings
18 most famous Alfred Marshall quotes and sayings (economist). These are the first 10 quotes we have.
“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.”
“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.”
“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.”
“Capital is that part of wealth which is devoted to obtaining further wealth.”
“Civilized countries generally adopt gold or silver or both as money.”
“Consumption may be regarded as negative production.”
“In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.”
“Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.”
“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.”
“The hope that poverty and ignorance may gradually be extinguished, derives indeed much support from the steady progress of the working classes during the nineteenth century.”
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