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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
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Alfred Marshall
economist, philosopher, university teacher
1842 – 1924
Alfred Marshall was an English economist and one of the most influential economists of his time. His book Principles of Economics (1890) was the dominant economic textbook in England for many years, and brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole, popularizing the modern neoclassical approach which dominates microeconomics to this day. As a result, he is known as the father of scientific economics.
All Quotes by Alfred Marshall
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Civilized countries generally adopt gold or silver or both as money.
— Alfred Marshall
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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
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I am myself an uncompromising anti-Jingoe, a peace-at-almost-any-price man. Chamberlain is the only Unionist public man whom I have ever thoroughly distrusted. Excepting Napoleon, I believe that England's true greatness has had no such dangerous enemy since Lord North. When a radical, he delighted to dish his colleagues even more than to flout his opponents. He is now engaged in dishing his new colleagues and flouting his old friends.
— Alfred Marshall
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Capital is that part of wealth which is devoted to obtaining further wealth.
— Alfred Marshall