Tiny Panda Quotes
Quotes by Alfred Marshall
Alfred Marshall (1842–1924) was a pioneering British economist whose work laid the groundwork for modern microeconomic theory. Born in London, he studied at Cambridge, where he later became a prominent professor. Marshall introduced key concepts, such as price elasticity and consumer surplus, and emphasized the importance of time in economic analysis. His seminal work, "Principles of Economics," published in 1890, transformed economic thought and remains influential today. Marshall's legacy endures through his contributions to the field, shaping both academic and practical approaches to economics.
3 quotes found
"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