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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
Much
Century
Gradually
Philosophy
Classes
Support
Steady
Class
Economics
Working
Indeed
Hope
Ignorance
Political
Poverty
Derives
May
Progress
Extinguished

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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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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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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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Civilized countries generally adopt gold or silver or both as money.
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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 commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.
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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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Political Economy or Economics is a study of mankind in the ordinary business of life.
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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 common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
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Knowledge is our most powerful engine of production.
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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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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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The most valuable of all capital is that invested in human beings
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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 love for money is only one among many.
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Consumption may be regarded as negative production.
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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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