Alfred Marshall Quotes

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

The modern developments of economic science in relation to rent indicate progress. For we are learning that what is commonly called the rent of land is really a very complex thing made up of many elements, some of which differ more widely from one another than it, as a whole, differs from profits, or than some elements of it differ from wages. - Alfred Marshall

Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time. - Alfred Marshall

Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species. - 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. - Alfred Marshall

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. - Alfred Marshall

In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose. - Alfred Marshall

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. - Alfred Marshall

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