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Alfred Marshall Quotes


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Quotes by Alfred Marshall

Showing 1-10 of 18 Quotes by Alfred Marshall

In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.

~Alfred Marshall

Topics: Almost Common Context Every Interpreted Many Meaning Needs Shades Therefore Use Word

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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.

~Alfred Marshall

Topics: Change Changes Every Falls Far From Time To Time Goes Money Place Power Price Purchasing Rises Thing Time

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Capital is that part of wealth which is devoted to obtaining further wealth.

~Alfred Marshall

Topics: Capital Devoted Further Obtaining Part Wealth Which

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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.

~Alfred Marshall

Topics: Aristotle Nature Ordinance Regarded Slavery Slaves Themselves Time

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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.

~Alfred Marshall

Topics: Consists Desirable Directly Human Indirectly Reckoned Satisfy Things Wants Wealth Which

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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

Topics: All Things Character Class Comforts Common Consist Distinguish First First Class Including Latter Less Luxuries Meet Must Required Satisfied Things Urgent Wants Which While

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All labour is directed towards producing some effect.

~Alfred Marshall

Topics: Directed Effect Labour Producing Some Towards

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Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.

~Alfred Marshall

Topics: Again Chief Degree Differences Distinctions Economic Kind Marked Most Terms

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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.

~Alfred Marshall

Topics: Age Enchanting Every Heroes Life Old Own People Poets Social Stimulate Stories Time Tried Virtues

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Consumption may be regarded as negative production.

~Alfred Marshall

Topics: Consumption May Negative Production Regarded

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Biography

Nationality: English

Type: Economist

Born: July 26th, 1842

Died: July 13th, 1924

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