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.

About This Quote

About Alfred Marshall

Alfred Marshall was a 19th-century British economist. Alfred Marshall was an English economist and 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, and brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole, popularizing the modern neoclassical approach which dominates microeconomics to this day. Read more on Wikipedia →

Themes

  • Nature — Appreciation for the natural world and our place within it
  • Power — The dynamics of influence, authority, and leadership

More quotes by Alfred Marshall

Related Quotes