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.
More Quotes from 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
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.
Alfred Marshall
All labour is directed towards producing some effect.
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
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
Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
Alfred Marshall
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Based on Topics: Labor Quotes, Money & Wealth Quotes, Purposes QuotesBased on Keywords: commodities, inventions
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