Alfred Marshall Quotes

Enjoy the top 31 famous quotes, sayings and quotations by Alfred Marshall.

Alfred Marshall Quotes

The love for money is only one among many.
— Alfred Marshall —

Consumption may be regarded as negative production.

— Alfred Marshall

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

— Alfred Marshall

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

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

Knowledge is our most powerful engine of production.

— Alfred Marshall

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

— Alfred Marshall

I admit that these terms and the diagrams connected with them repel some readers, and fill others with the vain imagination that they have mastered difficult economics problems, when really they have done little more than learn the language in which parts of those problems can be expressed, and the machinery by which they can be handled. When the actual conditions of particular problems have not been studied, such knowledge is little better than a derrick for sinking oil-wells erected where there are no oil-bearing strata.

— 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

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