Alfred Marshall – Capital Invested In Humans

Posted by admin on Saturday, November 2, 2024

Meaning of Alfred Marshall Money Quote: saying The most valuable capital invested is that invested in humans. Alfred Marshall said:
 
 

 


 

“The most valuable of all capital is that invested in human beings” — Alfred Marshall

 

 

Alfred Marshall’s quote emphasizes the importance of human capital in economic and social contexts. Here, ‘capital’ isn’t just about financial or physical resources, but also includes the skills, knowledge, and abilities that individuals possess. This interpretation suggests that investing in people’s education, health, and personal growth can yield significant long-term benefits, making it a valuable form of ‘investment’.

Alfred Marshall was a pioneer in recognizing the importance of human capital in economics. He believed that human capital, in the form of skills, knowledge, and abilities, was a crucial factor in production. Marshall argued that investing in human capital, such as through education and training, could lead to increased productivity and economic growth. He saw human capital as a key driver of competitiveness and economic progress, making it one of the most valuable forms of capital.

Alfred Marshall: Capital Wealth

Posted by admin on Saturday, September 10, 2011

Alfred Marshall Money Quotation saying lablels can be illuminating when it comes to money – nobody ever offered capital to a beggar or even to a working man. Alfred Marshall said:
 

 

“Capital is that part of wealth which is devoted to obtaining further wealth” — Alfred Marshall

 

 

In this quote, Alfred Marshall is providing a definition of the term “capital” from an economic perspective. He describes capital as that portion of overall wealth or resources which owners or businesses apply and invest for the purpose of generating more wealth.

So according to Marshall, capital refers specifically to assets that are used productively to produce further financial returns, such as machinery, equipment, factories, and other means of production. This distinguishes capital from wealth that is consumed or kept in liquid form.

The quote reflects Marshall’s view that capital is a key driver of economic growth, as it is the part of existing wealth that gets reinvested for the goal of obtaining additional wealth over time through productive activities like industry and commerce.

Birthday: July 26, 1842 – Death: July 13, 1924