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Alfred Marshall

Read through the most famous quotes from Alfred Marshall




All labour is directed towards producing some effect.


— Alfred Marshall


#effect #labour #producing #some #towards

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


#desirable #directly #human #indirectly #reckoned

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


— Alfred Marshall


#adopt #both #civilized #countries #generally

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


— Alfred Marshall


#chief #degree #differences #distinctions #economic

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


#character #earned #exerted #hardly #his

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


#commodities #increased #inventions #labour #man

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


— Alfred Marshall


#capital #devoted #further #obtaining #part

Consumption may be regarded as negative production.


— Alfred Marshall


#may #negative #production #regarded

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


— Alfred Marshall


#common #context #every #interpreted #many

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


#enchanting #every #heroes #life #nobler






About Alfred Marshall

Alfred Marshall Quotes




Did you know about Alfred Marshall?

His home Balliol Croft was renamed Marshall House in 1991 in his honour when it was bought by Lucy Cavendish College Cambridge. His health problems had gradually grown worse since the 1880s and in 1908 he retired from the university. Alfred Marshall (26 July 1842 – 13 July 1924) was one of the most influential economists of his time.

His book Principles of Economics (1890) was the dominant economic textbook in England for many years. Alfred Marshall (26 July 1842 – 13 July 1924) was one of the most influential economists of his time. He is known as one of the founders of economics.

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