"The most valuable of all capital is that invested in human beings"
"Consumption may be regarded as negative production."
Source: Alfred Marshall (2010). “Principles of Economics”, p.64, Cosimo, Inc.
About the author
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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"In common use almost every word has many shades of meaning, and therefore needs to be interpreted by the context."
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