19 Interesting Quotes By Alfred Marshall For The Scholarly
Alfred Marshall was a celebrated English economist. He is regarded as one of the instigators of neoclassical economics. For many years, his book, ‘Principles of Economics’ remained a dominant book on the subject in England. It is still followed in a number of schools and universities. The book explains the ideas of costs of production, supply and demand, and marginal utility. Though his works, thoughts, and writings covered a vast range of fields in economics, but he specialized in micro-economics. He laid a lot of emphasis on the concept of price elasticity of demand, which is a very significant concept in the study of demand and supply of goods. We have gathered some significant quotes and sayings by Alfred Marshall from his observations, books, journals, interviews etc. Following is a corpus of meaningful quotes and thoughts by Alfred Marshall.