Alfred Marshall
1842 - 1924
5
Quotes
Biography
Alfred Marshall was an influential economist known for his work on the marginal utility theory and the concept of price elasticity. He was born in 1842 in London, England, and studied at St John's College, Cambridge. Marshall's most famous work, 'Principles of Economics,' published in 1890, became a cornerstone in the development of modern economics. His teachings at the University of Cambridge influenced generations of economists, and his analytical approach shaped economic thought for decades to come.
Famous Quotes (5)
1
Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.
2
The aim of science is to make difficult things understandable in a simpler way; the aim of poetry is to state simple things in an incomprehensible way.
3
In the long run, nature gives you back what you give to her.
4
Industry is most productive where it is most secure.
5
The more one knows, the more one realizes how much one doesn't know.