Alfred Marshall Quotes
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.
Marshall, Alfred. Principles of Economics. 8th ed., Macmillan and Co., 1920, p. 1.
This principle has been referred to as The Great Gatsby Curve. See {630975}.
Explaining the consequences of the New Deal:
Alfred Marshall FBA was an English economist, who was 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. It brings the ideas of supply and demand, marginal utility, and costs of production into a coherent whole. He is known as one of the founders of neoclassical economics.