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Rabin Poudyal
Rabin Poudyal
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book · 1890

Principles of Economics

Alfred Marshall · read the source

  • “We might as reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by utility or cost of production.”

    Alfred Marshall, Principles of Economics (1890) · Book V, chapter III · read it

    Kept because it ended a century of argument with a household object. It also settles many arguments that are not about prices. When two factors are each called the real cause, check whether they are two blades.

    economicsthinkinganalogySupply and demandEquilibrium