"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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Source: Alfred Marshall (2009). “Principles of Economics: Unabridged Eighth Edition”, p.51, 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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