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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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Alfred Marshall
Age: 82 †
Born: 1842
Born: January 1
Died: 1924
Died: January 1
Economist
Philosopher
University Teacher
Bermondsey
Surrey
Use
Shades
Many
Context
Needs
Shade
Every
Therefore
Meaning
Almost
Word
Common
Interpreted
More quotes by Alfred Marshall
The most valuable of all capital is that invested in human beings
Alfred Marshall
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.
Alfred Marshall
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
Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
Alfred Marshall
All labour is directed towards producing some effect.
Alfred Marshall
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
Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time.
Alfred Marshall
Consumption may be regarded as negative production.
Alfred Marshall
Knowledge is our most powerful engine of production.
Alfred Marshall
The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
Alfred Marshall
Civilized countries generally adopt gold or silver or both as money.
Alfred Marshall
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
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
Every short statement about economics is misleading (with the possible exception of my present one).
Alfred Marshall
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.
Alfred Marshall
Political Economy or Economics is a study of mankind in the ordinary business of life.
Alfred Marshall
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
The love for money is only one among many.
Alfred Marshall
Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
Alfred Marshall
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
