Alfred Marshall Quotes

A collection of quotes by Alfred Marshall.

Alfred Marshall (1842-1924) was a renowned British economist and one of the most influential figures in the field of economics. He is best known for his groundbreaking work, "Principles of Economics," published in 1890, which shaped economic theory and policy for generations to come. Marshall's contributions include the concepts of price elasticity of demand and the Marshallian cross diagram, which explored the interplay between supply and demand in markets. His emphasis on the analysis of marginal utility and costs revolutionized economic thinking, earning him recognition as one of the founders of neoclassical economics.

Civilized countries generally adopt gold or silver or both a

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

Alfred Marshall

Money

Capital is that part of wealth which is devoted to obtaining

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

Alfred Marshall

Finance

The price of every thing rises and falls from time to time a

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

Finance