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Alfred Marshall quotes

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British co-founder of the neoclassical school of economics, 1842-1924
Alfred Marshall quotes
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    I Like this quote I dislike this quote“Capital is that part of wealth which is devoted to obtaining further wealth”

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    I Like this quote I dislike this quote“Economics has as its purpose firstly to acquire knowledge for its own sake, and secondly to throw light on practical issues. But though we are bound, before entering on any study, to consider carefully what are its uses, we should not plan out our work with direct reference to them.”

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    I Like this quote I dislike this quote“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.”

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