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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
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Alfred Marshall
Age: 82 †
Born: 1842
Born: January 1
Died: 1924
Died: January 1
Economist
Philosopher
University Teacher
Bermondsey
Surrey
Simple
Elementary
Running
Propositions
Action
Gained
Nature
Pretending
Nothing
Describe
Trying
Complexes
Long
Complex
Series
More quotes by Alfred Marshall
Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
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Consumption may be regarded as negative production.
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Knowledge is our most powerful engine of production.
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Political Economy or Economics is a study of mankind in the ordinary business of life.
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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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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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Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
Alfred Marshall
The commercial storm leaves its path strewn with ruin. When it is over there is calm, but a dull, heavy calm.
Alfred Marshall
In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
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
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.
Alfred Marshall
The love for money is only one among many.
Alfred Marshall
Capital is that part of wealth which is devoted to obtaining further wealth.
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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.
Alfred Marshall
Civilized countries generally adopt gold or silver or both as money.
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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.
Alfred Marshall
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
Every short statement about economics is misleading (with the possible exception of my present one).
Alfred Marshall
The most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves.
Alfred Marshall
