Political Economy or Economics is a study of mankind in the ordinary business of life. — Alfred Marshall
Every short statement about economics is misleading (with the possible exception of — Alfred Marshall
In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context. — Alfred Marshall
And very often the influence exerted on a person’s character by the amount of his income is hardly less — Alfred Marshall
All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: — Alfred Marshall
Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree. — Alfred Marshall
Producer’s surplus is a convenient name for the genus of which the rent of land is the leading species. — Alfred Marshall