"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."

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Source: Alfred Marshall (2010). “Principles of Economics”, p.62, Cosimo, Inc.

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Alfred Marshall

Economist

Alfred Marshall was a pioneering economist known for his work 'Principles of Economics', which shaped modern economic theory and introduced key concepts like elasticity.

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