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"11 Alfred Marshall Quotes & Sayings

      English     /     View profile
Born: 26 July 1842. Died: 13 July 1924 | Economist |

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.

Inventions Have increased Man's power Nature
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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.

Age poet Social reformers Stimulate Own time
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Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time.

Material goods All right To hold Derive benefits
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And very often the influence exerted on a person's character by the amount of his income is hardly less, if it is less, than that exerted by the way in which it is earned.

Influence exerted Person's character His income Is earned
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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.

Price Thing Time Power
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The most valuable of all capital is that invested in human beings

Valuable Capital Invested Human being
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Capital is that part of wealth which is devoted to obtaining further wealth.

Capital Wealth Devoted
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Civilized countries generally adopt gold or silver or both as money.

Civilized Country Gold Silver
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Consumption may be regarded as negative production.

Consumption.Negative Production
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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.

Hope Poverty Ignorance Progress
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All labour is directed towards producing some effect.

Labour Towards Producing Effect
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Alfred Marshall Quotes & Sayings