Alfred Marshall Quotes

Alfred Marshall was one of the most influential economists of his time. His book, Principles of Economics , was the dominant economic textbook in England for many years. It brings the ideas of supply and demand, marginal utility, and costs of production into a coherent whole. He is known as one of the founders of neoclassical economics. Although Marshall took economics to a more mathematically rigorous level, he did not want mathematics to overshadow economics and thus make economics irrelevant to the layman. Wikipedia  

✵ 26. July 1842 – 13. July 1924
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Principles of Economics
Principles of Economics
Alfred Marshall
Alfred Marshall: 5   quotes 1   like

Famous Alfred Marshall Quotes

“The most valuable of all capital is that invested in human beings;”

Source: Principles of Economics, (1890), p. 468 (9th ed. 2009).
Context: If we compare one country of the civilized world with another, or one part of England with another, or one trade in England with another, we find that the degradation of the working-classes varies almost uniformly with the amount of rough work done by women. The most valuable of all capital is that invested in human beings; and of that capital the most precious part is the result of the care and influence of the mother, so long as she retains her tender and unselfish instincts, and has not been hardened by the strain and stress of unfeminine work.

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