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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.

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
First
Comfort
Consist
Must
Meet
Distinguish
Things
Wants
Urgent
Class
Required
Common
Latter
Less
Luxury
Necessaries
Character
Satisfied
Luxuries
Firsts
Including
Comforts

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The love for money is only one among many.
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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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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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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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Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
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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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Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
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All labour is directed towards producing some effect.
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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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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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The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
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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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Every short statement about economics is misleading (with the possible exception of my present one).
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Civilized countries generally adopt gold or silver or both as money.
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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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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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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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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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