Quotes from 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 nineteenth century.

Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.

The most valuable of all capital is that invested in human beings

The love for money is only one among many.

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.

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.

Knowledge is our most powerful engine of production.

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

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

We might as 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 utility or cost of production.

The most valuable of all capital is that invested in human beings

1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life (5) Burn the mathematics. (6) If you can't succeed in 4, burn 3. This I do often.

The laws of economics are to be compared with the laws of the tides, rather than with the simple and exact law of gravitation. For the actions of men are so various and uncertain, that the best statement of tendencies, which we can make in a science of human conduct, must needs be inexact and faulty.

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.

The history of socialistic ventures, shows that ordinary men are seldom capable of pure ideal altruism for any considerable time together, and that the exceptions are to be found only when masterful fervour of a small band of religious enthusiasts makes material concerns to count for nothing in comparison with the higher faith.

Nada debería tener tanto un economista como el aplauso.

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

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.

Political Economy or Economics is a study of mankind in the ordinary business of life.

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.

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

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.

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

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.