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.
More Quotes from 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
Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.
Alfred Marshall
Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species.
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
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.
Alfred Marshall
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Based on Topics: Money & Wealth Quotes, Place QuotesBased on Keywords: purchasing
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