Alfred Marshall
Alfred Marshall
Alfred Marshallwas one of the most influential economists of his time. His book, Principles of Economics, was the dominant economic textbook in England for many years. It brings the ideas of supply and demand, marginal utility, and costs of production into a coherent whole. He is known as one of the founders of neoclassical economics...
NationalityEnglish
ProfessionEconomist
Date of Birth26 July 1842
wealth economics devoted
Capital is that part of wealth which is devoted to obtaining further wealth.
valuable humans human-beings
The most valuable of all capital is that invested in human beings
commonly complex differ differs economic elements indicate land learning modern relation rent science widely
The modern developments of economic science in relation to rent indicate progress. For we are learning that what is commonly called the rent of land is really a very complex thing made up of many elements, some of which differ more widely from one another than it, as a whole, differs from profits, or than some elements of it differ from wages.