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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
Country
Adopt
Civilized
Silver
Generally
Countries
Gold
Money

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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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Knowledge is our most powerful engine of production.
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The most valuable of all capital is that invested in human beings
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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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Consumption may be regarded as negative production.
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Every short statement about economics is misleading (with the possible exception of my present one).
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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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Political Economy or Economics is a study of mankind in the ordinary business of life.
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Capital is that part of wealth which is devoted to obtaining further wealth.
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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 hope that poverty and ignorance may gradually be extinguished derives indeed much support from the steady progress of the working classes during the 19th century.
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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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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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Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
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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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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.
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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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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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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