6 Quotes & Sayings By Alfred Marshall

Alfred Marshall was born on 22 March 1842 in Calcutta, India. He was educated at home and at Cambridge University and then returned to India to work as a lawyer. He worked as private secretary to the Governor-General of India before returning to Cambridge University as Professor of Political Economy. In 1862 he married Helen Taylor, who died in 1878 Read more

In 1881 he married Anna, Lady Londonderry, with whom he had two children. He retired from Cambridge University in 1897 and spent his final years at the family's country estate near Milton Park, Buckinghamshire.

1
(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life (5) Burn the mathematics. (6) If you can’t succeed in 4, burn 3. This I do often. Alfred Marshall
2
Capital is that part of wealth which is devoted to obtaining further wealth. Alfred Marshall
3
The price of every thing rises and falls from time to time and place to place and with every such change the purchasing power of money changes so far as that thing goes. Alfred Marshall
4
But if inventions have increased man's power over nature very much, then the real value of money is better measured for some purposes in labour than in commodities. Alfred Marshall
5
Civilized countries generally adopt gold or silver or both as money. Alfred Marshall