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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
Silver
Generally
Countries
Gold
Money
Country
Adopt
Civilized

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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.
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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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The love for money is only one among many.
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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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The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
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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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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.
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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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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 commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.
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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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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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Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
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Political Economy or Economics is a study of mankind in the ordinary business of life.
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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.
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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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All labour is directed towards producing some effect.
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Every short statement about economics is misleading (with the possible exception of my present one).
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Capital is that part of wealth which is devoted to obtaining further wealth.
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The most valuable of all capital is that invested in human beings
Alfred Marshall