In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context.
More Quotes from Alfred Marshall:
Civilized countries generally adopt gold or silver or both as money.Alfred Marshall
All labour is directed towards producing some effect.
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
Consumption may be regarded as negative production.
Alfred Marshall
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
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
Readers Who Like This Quotation Also Like:
Based on Keywords: interpreted, shadesThe Smithsonian museums are among this country's most endearing treasures and I look forward to helping maintain and enhance their coveted works of art.
Xavier Becerra
Physics is becoming too difficult for the physicists.
David Hilbert
Teach us to give and not to count the cost.
Saint Ignatius