~ Alfred Marshall Quotes ~

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Alfred Marshall Quotes


An Englishman and one of the most influential economists of his time.
Alfred Marshall (born 26 July 1842 in Bermondsey, London, England, died 13 July 1924 in Cambridge, England) was an Englishman 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. It brings the ideas of supply and demand, marginal utility and costs of production into a coherent whole. He is known as one of the founders of neoclassical economics.

Here are some famous quotes by Alfred Marshall.

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

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

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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.