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

Alfred Marshall

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Alfred Marshall
Age: 82 †
Born: 1842
Born: January 1
Died: 1924
Died: January 1
Economist
Philosopher
University Teacher
Bermondsey
Surrey
Gold
Money
Country
Adopt
Civilized
Silver
Generally
Countries

More quotes by Alfred Marshall

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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.
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In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
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The commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.
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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.
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Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
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All labour is directed towards producing some effect.
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Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
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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 law.
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Though a simple book can be written on selected topics, the central doctrines of economics are not simple and cannot be made so.
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Knowledge is our most powerful engine of production.
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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.
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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 paper, as whether value is governed by demand or supply.
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Political Economy or Economics is a study of mankind in the ordinary business of life.
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Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time.
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The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
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Every short statement about economics is misleading (with the possible exception of my present one).
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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.
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Nature's action is complex: and nothing is gained in the long run by pretending that it is simple, and trying to describe it in a series of elementary propositions.
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The love for money is only one among many.
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Capital is that part of wealth which is devoted to obtaining further wealth.
Alfred Marshall