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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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Alfred Marshall
Age: 82 †
Born: 1842
Born: January 1
Died: 1924
Died: January 1
Economist
Philosopher
University Teacher
Bermondsey
Surrey
Distinction
Degree
Degrees
Terms
Differences
Distinctions
Economic
Marked
Term
Chief
Kind
Chiefs

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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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The love for money is only one among many.
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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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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 reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
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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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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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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 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.
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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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All labour is directed towards producing some effect.
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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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In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
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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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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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The most valuable of all capital is that invested in human beings
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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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Civilized countries generally adopt gold or silver or both as money.
Alfred Marshall