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" And very often the influence exerted on a person's character by the amount of his income is hardly less, if it is less, than that exerted by the way in which it is earned. "
Alfred Marshall
Less
Influence
Character
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" Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time. "
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" 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. "
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" Capital is that part of wealth which is devoted to obtaining further wealth. "
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" In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose. "
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" Consumption may be regarded as negative production. "
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" The hope that poverty and ignorance may gradually be extinguished, derives indeed much support from the steady progress of the working classes during the nineteenth century. "
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" All wealth consists of desirable things; that is, things which satisfy human wants directly or indirectly: but not all desirable things are reckoned as wealth. "
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" It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character. "
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" Producer's Surplus is a convenient name for the genus of which the rent of land is the leading species. "
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