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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
Countries
Gold
Money
Country
Adopt
Civilized
Silver
Generally

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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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All labour is directed towards producing some effect.
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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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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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Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
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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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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 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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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 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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Capital is that part of wealth which is devoted to obtaining further wealth.
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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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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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Political Economy or Economics is a study of mankind in the ordinary business of life.
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The most valuable of all capital is that invested in human beings
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Every short statement about economics is misleading (with the possible exception of my present one).
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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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The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
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