Top 18 Quotes by Alfred Marshall

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.

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.

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

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.

All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth.

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.

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.

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