Alfred Marshall

Economist Mathematician British 1842 – 1924

Pioneered supply and demand curves and marginal analysis in economics.

382 quotes

"Progress depends not on capital alone, but on the habits and character of the people."
Perseverance
"Time is the scarcest resource; therefore, its use must be deliberate and intentional."
Time
"The foundation of all true wealth is the development of human potential."
Education
"Every act of labor is an act of creation when performed with thought and care."
Creativity
"The market is not an end in itself, but a means to human flourishing."
Philosophy
"Cooperation, not competition alone, builds lasting prosperity."
Friendship
"The moral dimension of economics cannot be ignored without peril to society."
Justice
"Wealth without wisdom leads to the corruption of the soul."
Truth
"The educated mind sees opportunities where the ignorant see only obstacles."
Inspiration
"Trade is the exchange not merely of goods, but of the fruits of human labor and ingenuity."
Work
"In every economic transaction lies a moral question waiting to be asked."
"The strength of a nation lies not in its gold, but in the skills of its people."
Strength
"Idleness of mind is more dangerous than idleness of body."
Wisdom
"The pursuit of knowledge should never be abandoned for the pursuit of profit."
Education
"Every man's work has a value that extends beyond the wages he receives."
Gratitude
"The remedy for poverty is not charity, but the development of capability."
Courage
"Economic laws are as much laws of human nature as they are laws of production."
Philosophy
"True economy lies in the wise use of resources, not in their mere accumulation."
Wisdom
"The rise and fall of nations follows the rise and fall of their commitment to learning."
History
"Capital without conscience is a dangerous master."
Power
"The invisible hand works best when guided by visible virtue."
"In the economy of nature, nothing is wasted; humans must learn this lesson."
Nature
"The value of a thing is not in the thing itself, but in what it can do for humanity."
Science
"Labor is not a burden when it serves a noble purpose."
Work
"The greatest economic advance comes from the liberation of human thought."
Freedom
"Patience in building wealth is superior to haste in acquiring it."
Patience
"The health of an economy is measured not by the wealth of the few, but the well-being of the many."
Health
"Every innovation begins with a question; every question arises from curiosity."
Imagination
"The machinery of commerce works best when oiled by honest dealings."
Truth
"Courage in the face of economic hardship is the mark of human dignity."
Courage