Alfred Marshall

Economist Mathematician British 1842 – 1924

Pioneered supply and demand curves and marginal analysis in economics.

382 quotes

"The greatest discoveries come from asking the right questions."
Knowledge
"Trade benefits all parties who engage in it freely."
Peace
"The habits of thought acquired in youth shape the entire life."
Education
"Progress depends not on luck but on steady application."
Perseverance
"The value of a thing is what it will fetch."
"An idea that does not work in practice is a bad theory."
Science
"The sum of all individual choices creates the economic system."
Philosophy
"Wealth consists not in having great possessions, but in having few wants."
Wisdom
"The study of economics should improve one's character."
Education
"Competition may be fierce, but cooperation is stronger."
Friendship
"The future belongs to those who believe in the beauty of their dreams."
Dreams
"Capital is the result of abstinence from consumption."
Work
"The price mechanism is a powerful tool for allocating resources."
Science
"In economics, as in life, timing is everything."
Time
"The pursuit of knowledge has no end."
Wisdom
"Cooperation among men is the foundation of civilization."
Peace
"The test of a first-rate intelligence is the ability to hold two opposed ideas."
Philosophy
"Innovation is the life-blood of economic progress."
Creativity
"The character of a man is revealed in how he treats those below him."
Kindness
"Great minds discuss ideas; small minds discuss people."
Wisdom
"The most valuable commodity is trust."
Relationships
"Economic activity is a reflection of human nature itself."
Life
"The freedom to fail is essential to the freedom to succeed."
Freedom
"In all things, balance is the key to wisdom."
Wisdom
"The study of history is the study of cause and effect."
History
"A nation's wealth is measured by the happiness of its people."
Happiness
"The power of an idea lies not in itself but in its application."
Inspiration
"Poverty is not a lack of money but a lack of opportunity."
Justice
"The greatest strength lies in the ability to adapt."
Strength
"In commerce, as in life, honesty is the best policy."
Truth