Alfred Marshall

"Faith is the courage to act despite uncertainty; wisdom is knowing when faith is warranted."

"Leadership that lasts is built on trust, not fear; respect, not coercion."

"Justice delayed is justice denied; the timely administration of fair law is a mark of civilization."

"Fear is feedback from the world; wisdom is knowing which fears to heed and which to overcome."

"Strength is not the ability to endure suffering, but the capacity to create meaning from it."

"Health is wealth that the poor can possess and the rich cannot purchase."

"Relationships are the workshops where the self is refined and improved."

"Change is inevitable; progress is a choice made through the management of change."

"Art without philosophy is decoration; philosophy without art is abstraction."

"Death gives urgency to life; mortality gives weight to meaning."

"Humor is the wisdom to see that life is both serious and absurd, and to accept both with grace."

"The great law of demand and supply governs the prices of all commodities in the market."

"Economic science is but a means to the higher ends of life."

"Man's real wealth consists not in the abundance of goods, but in the abundance of virtue."

"The resources of nature are not exhausted; they are only waiting for the application of enterprise and capital."

"Progress depends upon the growth of knowledge and the application of that knowledge to practical purposes."

"The history of mankind is largely the history of the struggle against nature."

"Competition is the driving force behind economic progress and human advancement."

"A nation's true wealth lies in the character and capability of its people."

"The division of labor is the foundation of all economic progress."

"Capital is the result of past labor stored up for future production."

"Education is the most important investment a society can make."

"The welfare of the people should be the ultimate object of economic science."

"Customs and habits exert a powerful influence on economic behavior."

"The value of a commodity is determined by the utility it possesses."

"Monopoly power tends to extract wealth from consumers and concentrate it in few hands."

"The study of economics reveals how societies allocate scarce resources."

"Labor is the foundation of all economic value."

"The pursuit of pleasure and the avoidance of pain govern human economic choices."

"Industrial organization reflects the underlying values and beliefs of society."