Alfred Marshall

Economist Mathematician British 1842 – 1924

Pioneered supply and demand curves and marginal analysis in economics.

382 quotes

"The accumulation of capital is meaningless without the accumulation of virtue."
Faith
"To understand economics is to understand the beating heart of civilization."
Knowledge
"Peace is the soil in which economic prosperity grows."
Peace
"The art of economics is knowing what to measure and what to leave to human judgment."
Art
"Every transaction contains within it the possibility of mutual benefit or mutual harm."
Relationships
"The development of character is the true foundation of all economic success."
Success
"In the dance of supply and demand, human desires are written large upon the earth."
Philosophy
"The measure of a civilization is how well it provides for the needs of all its members."
Justice
"Imagination in economic matters is as important as imagination in the arts."
Creativity
"The study of economics teaches humility before the complexity of human life."
Wisdom
"Every person possesses capital of mind and body that is their greatest treasure."
Strength
"The pursuit of wealth that ignores the pursuit of happiness is a losing game."
Happiness
"In times of change, those with knowledge adapt; those without perish."
Change
"The power of compound interest is the power of patience made visible."
Time
"Education is not a luxury for the rich; it is a necessity for all."
Education
"The beauty of a well-functioning economy lies in its harmony with human nature."
Beauty
"Fear of poverty has driven more innovation than the possession of wealth."
Fear
"The greatest discoveries in economics come from observing the habits of ordinary people."
History
"Kindness in business is not weakness; it is the highest form of strength."
Kindness
"The work of building an economy is the work of building a civilization."
Leadership
"In the exchange of goods lies the exchange of the very fabric of society."
Relationships
"The promise of economic opportunity is the promise of human freedom."
Hope
"The solitude of deep thought is necessary for genuine economic understanding."
Solitude
"Every law of economics is, at its core, a law of human behavior."
Philosophy
"Perseverance in the face of economic adversity builds both wealth and character."
Perseverance
"The technology that serves humanity is the technology that endures."
Technology
"In the records of history, we see that virtue and prosperity are linked."
History
"The literature of economics should speak to the human heart, not merely the mind."
Literature
"War is the ultimate waste; peace is the ultimate economy."
War
"The dreams of individuals, multiplied by millions, become the reality of nations."
Dreams