Phrase by 'Alfred Marshall'
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In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
Author: Alfred Marshall - English EconomistMeaning , Use , Shades , Context
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.
Author: Alfred Marshall - English EconomistMoney , Man , Nature , Power
Capital is that part of wealth which is devoted to obtaining further wealth.
Author: Alfred Marshall - English EconomistWhich , Finance , Capital , Wealth
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.
Author: Alfred Marshall - English EconomistHuman , Things , Which , Wealth
Consumption may be regarded as negative production.
Author: Alfred Marshall - English EconomistNegative , May , Production , Consumption
Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
Author: Alfred Marshall - English EconomistKind , Differences , Degree , Economic
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.
Author: Alfred Marshall - English EconomistTime , Money , Change , Power
Slavery was regarded by Aristotle as an ordinance of nature, and so probably was it by the slaves themselves in olden time.
Author: Alfred Marshall - English EconomistTime , Nature , Slavery , Slaves
All labour is directed towards producing some effect.
Author: Alfred Marshall - English EconomistSome , Towards , Labour , Effect
Civilized countries generally adopt gold or silver or both as money.
Author: Alfred Marshall - English EconomistMoney , Gold , Silver , Both
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