Quote

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

Alfred Marshall

Change background

T
T
T

Change font

TAGS & TOPICS

Alfred Marshall
Age: 82 †
Born: 1842
Born: January 1
Died: 1924
Died: January 1
Economist
Philosopher
University Teacher
Bermondsey
Surrey
Political
Part
Obtaining
Finance
Devoted
Capital
Economics
Wealth
Philosophy

More quotes by Alfred Marshall

Image
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.
Alfred Marshall
Image
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
Image
Consumption may be regarded as negative production.
Alfred Marshall
Image
Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time.
Alfred Marshall
Image
The most valuable of all capital is that invested in human beings
Alfred Marshall
Image
The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
Alfred Marshall
Image
Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
Alfred Marshall
Image
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.
Alfred Marshall
Image
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
Image
All labour is directed towards producing some effect.
Alfred Marshall
Image
Civilized countries generally adopt gold or silver or both as money.
Alfred Marshall
Image
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
Image
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.
Alfred Marshall
Image
Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
Alfred Marshall
Image
The commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.
Alfred Marshall
Image
Political Economy or Economics is a study of mankind in the ordinary business of life.
Alfred Marshall
Image
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
Image
In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
Alfred Marshall
Image
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.
Alfred Marshall
Image
Every short statement about economics is misleading (with the possible exception of my present one).
Alfred Marshall