Alfred Marshall

All labour is directed towards producing some effect. ↗

— Alfred Marshall

#effect #labour #producing #some #towards

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. ↗

— Alfred Marshall

#desirable #directly #human #indirectly #reckoned

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

— Alfred Marshall

#adopt #both #civilized #countries #generally

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

— Alfred Marshall

#chief #degree #differences #distinctions #economic

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. ↗

— Alfred Marshall

#character #earned #exerted #hardly #his

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. ↗

— Alfred Marshall

#commodities #increased #inventions #labour #man

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

— Alfred Marshall

#capital #devoted #further #obtaining #part

Consumption may be regarded as negative production. ↗

— Alfred Marshall

#may #negative #production #regarded

In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context. ↗

— Alfred Marshall

#common #context #every #interpreted #many

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

#enchanting #every #heroes #life #nobler