Alfred Marshall Quotes

Alfred Marshall

English Economist

Born: Jul 26, 1842

Died: Jul 13, 1924

Common Every Money Rights Time Wealth

Related authors: Dudley North E. F. Schumacher John Maynard Keynes Nassau William Senior Nicholas Stern Thomas Malthus William Beveridge William Petty

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

Finance Wealth Further Part Obtaining Devoted Which Capital

Consumption may be regarded as negative production. Alfred Marshall

Negative Consumption May Regarded Production

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

Absence Purpose Term Goods Any Represent May Human Short Common Wants Short-Term Use Satisfy Things Desirable

Civilized countries generally adopt gold or silver or both as money. Alfred Marshall

Money Silver Adopt Both Civilized Generally Countries Gold

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

Degree Differences Marked Distinctions Kind Economic Most Terms Chief Again

The hope that poverty and ignorance may gradually be extinguished, derives indeed much support from the steady progress of the working classes during the nineteenth century. Alfred Marshall

Hope Ignorance Progress Poverty Nineteenth Nineteenth Century Indeed Classes Steady Steady Progress Support Gradually May Century Much Working Working Classes Derives Extinguished

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