Alfred Marshall

It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character.

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


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


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

Alfred Marshall


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


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

Alfred Marshall


Consumption may be regarded as negative production.

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


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