Alfred Marshall Quotes

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

Alfred Marshall



All labour is directed towards producing some effect.

Alfred Marshall



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.

Alfred Marshall



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 exerted by the way in which it is earned.

Alfred Marshall



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 than in commodities.

Alfred Marshall



Capital is that part of wealth which is devoted to obtaining further wealth.

Alfred Marshall



Civilized countries generally adopt gold or silver or both as money.

Alfred Marshall



Consumption may be regarded as negative production.

Alfred Marshall



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

Alfred Marshall



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 the virtues of the heroes of old.

Alfred Marshall



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 term Goods for that purpose.

Alfred Marshall