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Quote by Alfred Marshall

“I admit that these terms and the diagrams connected with them repel some readers, and fill others with the vain imagination that they have mastered difficult economics problems, when really they have done little more than learn the language in which parts of those problems can be expressed, and the machinery by which they can be handled. When the actual conditions of particular problems have not been studied, such knowledge is little better than a derrick for sinking oil-wells erected where there are no oil-bearing strata.”

Quote by Alfred Marshall

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Alfred Marshall
Alfred Marshall

Alfred Marshall was a British economist born on July 26, 1842, and died on July 13, 1924. He is one of the most influential economists of the late 19th and early 20th centuries and is considered one of the founders of neoclassical economics. more

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