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All labour is directed towards producing some effect.

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
Directed
Producing
Labour
Effect
Towards
Effects

More quotes by Alfred Marshall

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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.
Alfred Marshall
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Civilized countries generally adopt gold or silver or both as money.
Alfred Marshall
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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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The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
Alfred Marshall
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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.
Alfred Marshall
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Every short statement about economics is misleading (with the possible exception of my present one).
Alfred Marshall
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Consumption may be regarded as negative production.
Alfred Marshall
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Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
Alfred Marshall
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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.
Alfred Marshall
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Knowledge is our most powerful engine of production.
Alfred Marshall
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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.
Alfred Marshall
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The love for money is only one among many.
Alfred Marshall
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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.
Alfred Marshall
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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.
Alfred Marshall
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In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
Alfred Marshall
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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.
Alfred Marshall
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Capital is that part of wealth which is devoted to obtaining further wealth.
Alfred Marshall
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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.
Alfred Marshall
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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
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The most valuable of all capital is that invested in human beings
Alfred Marshall