English - Economist | July 26, 1842 - July 13, 1924
It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character.
Alfred Marshall
CharacterMeetClassFirstSatisfied
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.
NaturePowerMoneyManValueBetter
Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time.
FutureTimeMaterial ThingsRights
Individual and national rights to wealth rest on the basis of civil and international law, or at least of custom that has the force of law.
LawRestWealthRightsIndividual
And very often the influence exerted on a person's character by the amount of his income is hardly less, if it is less, than that exerted by the way in which it is earned.
CharacterInfluencePersonWayThan
In every age poets and social reformers have tried to stimulate the people of their own time to a nobler life by enchanting stories of the virtues of the heroes of old.
LifeAgeTimePeopleOldHeroes
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