Civilized countries generally adopt gold or silver or both as money.
Author
Alfred Marshall
3 quotations
About Alfred Marshall
Alfred Marshall was an English economist and one of the most influential economists of his time. His book Principles of Economics (1890) was the dominant economic textbook in England for many years, and brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole, popularizing the modern neoclassical approach which dominates microeconomics to this day. As a result, he is known as the father of scientific economics.
Read on Wikipedia → Find books by Alfred MarshallThe 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.
Capital is that part of wealth which is devoted to obtaining further wealth.