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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.
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
Hope
Ignorance
Political
Poverty
Derives
May
Progress
Extinguished
Much
Century
Gradually
Philosophy
Classes
Support
Steady
Class
Economics
Working
Indeed
More quotes by Alfred Marshall
Political Economy or Economics is a study of mankind in the ordinary business of life.
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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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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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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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Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
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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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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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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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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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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 valuable of all capital is that invested in human beings
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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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Consumption may be regarded as negative production.
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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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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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Knowledge is our most powerful engine of production.
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The love for money is only one among many.
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Civilized countries generally adopt gold or silver or both as money.
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