Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Alfred Marshall
Age: 82 †
Born: 1842
Born: January 1
Died: 1924
Died: January 1
Economist
Philosopher
University Teacher
Bermondsey
Surrey
Individual
International
National
Wealth
Rest
Custom
Least
Customs
Rights
Civil
Law
Basis
Force
Bases

More quotes by Alfred Marshall

Image
Civilized countries generally adopt gold or silver or both as money.
Alfred Marshall
Image
The commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.
Alfred Marshall
Image
Consumption may be regarded as negative production.
Alfred Marshall
Image
All labour is directed towards producing some effect.
Alfred Marshall
Image
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.
Alfred Marshall
Image
Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
Alfred Marshall
Image
In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
Alfred Marshall
Image
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
Image
The most valuable of all capital is that invested in human beings
Alfred Marshall
Image
The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
Alfred Marshall
Image
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
Image
Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
Alfred Marshall
Image
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.
Alfred Marshall
Image
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
Image
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
Image
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
Image
Capital is that part of wealth which is devoted to obtaining further wealth.
Alfred Marshall
Image
The love for money is only one among many.
Alfred Marshall
Image
Every short statement about economics is misleading (with the possible exception of my present one).
Alfred Marshall
Image
Knowledge is our most powerful engine of production.
Alfred Marshall