Be the first in the room — members see you arrive.
Join the roomNot who you're looking for? Others named Alfred Marshall: British economist (1842–1924) · American politician (1797-1868) · American businessman
“Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.”
“The increment of the commodity which he is only just induced to acquire (whether by... direct labor or by purchase) may be called its Marginal Increment; because he is on the margin of doubt whether it is worth his while to incur the outlay required to obtain it. And the benefit-giving power, or Utility, of that increment to him may be called the Marginal Utility of the commodity to him.”
Quotes via Wikiquote (CC BY-SA), each with its original source.
Alfred Marshall, was a British flying ace who served with the Royal Air Force (RAF) during the Second World War. He was credited with having shot down at least eighteen aircraft, plus one V-1 flying bomb.
