Top 10 Alfred Marshall Quotes

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

Consumption may be regarded as negative production.

All labour is directed towards producing some effect.

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

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

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

Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time.

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

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.

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.

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