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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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Alfred Marshall
Age: 82 †
Born: 1842
Born: January 1
Died: 1924
Died: January 1
Economist
Philosopher
University Teacher
Bermondsey
Surrey
People
Poet
Nobler
Virtue
Stimulate
Age
Reformers
Social
Virtues
Stories
Poets
Every
Heroes
Time
Tried
Life
Hero
Enchanting

More quotes by Alfred Marshall

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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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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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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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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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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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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.
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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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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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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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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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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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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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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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Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
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The love for money is only one among many.
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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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All labour is directed towards producing some effect.
Alfred Marshall