Alfred Marshall Quote

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

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.

Tags: nature, power, man

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About Alfred Marshall

Alfred Marshall (26 July 1842 – 13 July 1924) was an English economist, and was one of the most influential economists of his time. His book Principles of Economics (1890) was the dominant economic textbook in England for many years. It brought 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.