All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth.
More Quotes from Alfred Marshall:
Consumption may be regarded as negative production.Alfred Marshall
It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character.
Alfred Marshall
Capital is that part of wealth which is devoted to obtaining further wealth.
Alfred Marshall
All labour is directed towards producing some effect.
Alfred Marshall
In every age poets and social reformers have tried to stimulate the people of their own time to a nobler life by enchanting stories of the virtues of the heroes of old.
Alfred Marshall
In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose.
Alfred Marshall
Readers Who Like This Quotation Also Like:
Based on Topics: Money & Wealth QuotesBased on Keywords: indirectly, reckoned
There are a great many men valued in society who have nothing to recommend them but serviceable vices.
Francois de La Rochefoucauld
The great appeal of the doctrine that the mind is a blank slate is the simple mathematical fact that zero equals zero.
Steven Pinker
I think as far as kids go, you just have to work hard. Work on your skills, keep focused.
Frank Lampard