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" ... a piece of paper, as whether value is governed by utility or cost of production. It is true that when one blade is held still, and the cutting is effected by moving the other, we may say with careless brevity that the cutting is done by the second;... "
Elements of Economics of Industry: Preliminary survey - Page 140
by Alfred Marshall - 1903 - 421 pages
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Elements of Economics of Industry: Being the First Volume of Elements of ...

Alfred Marshall - Economic factors - 1892 - 496 pages
...brevity that the cutting is done by the second ; but the statement ,is not strictly accurate, and is to be excused only so long as it claims to be merely...to pay for it will be governed by their desire to preponderates have it, together with the amount they can afford to spend on it. Their desire to have...
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Elements of economics of industry, the first vol. of Elements of economics

Alfred Marshall - 1896 - 456 pages
...brevity that the cutting is done by the second ; but the statement is not strictly accurate, and is to be excused only so long as it claims to be merely...be sold, the prices which people will be willing to „.,..,, , , , , . , The former pay tor it will be governed by their desire to preponderates have...
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Elements of economics of industry, the first vol. of Elements of economics

Alfred Marshall - 1899 - 448 pages
...brevity that the cutting is done by the second; but the statement is not strictly accurate, and is to be excused only so long as it claims to be merely...of what actually happens. In the same way, when a tlling already made has to be sold, the prices which people will be willing to pay for it will be governed...
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Principles of Economics: An Introductory Volume

Alfred Marshall - Economics - 1916 - 916 pages
...brevity that the cutting h done by the second : but the statement is not strictly accurate, and is to be excused only so long as it claims to be merely...popular and not a strictly scientific account of what happens. Tiie In the same way, when a thing already made has to be prepon- sold, the price which people...
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A Review Of Economic Theory

Edwin Cannan - Business & Economics - 1964 - 480 pages
...brevity that the cutting is done by the second ; but the statement is not strictly accurate and is to be excused only so long as it claims to be merely...popular and not a strictly scientific account of what happens " (ib., p. 348). The simile is striking and effective when applied, as Marshall applies it,...
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Migration and Economic Growth: A Study of Great Britain and the Atlantic Economy

Brinley Thomas - Business & Economics - 1973 - 536 pages
...brevity that the cutting is done by the second, but the statement is not strictly accurate, and is to be excused only so long as it claims to be merely...popular and not a strictly scientific account of what happens.-1 This gem of Marshallian wisdom is highly relevant in the present context. 4. LIMITATIONS...
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Knowledge and Persuasion in Economics

Deirdre N. McCloskey - Business & Economics - 1994 - 468 pages
...pair of scissors, says that to say that one or another other blade dominates in a particular case "is to be excused only so long as it claims to be merely...popular and not a strictly scientific account of what happened" (compare Johnson above; Marshall 1895 [1961], p. 348 [Bk. V, iii, 7]). As against the older...
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Teachings from the Worldly Philosophy

Robert L. Heilbroner - Business & Economics - 1996 - 376 pages
...brevity that the cutting is done by the second; but the statement is not strictly accurate, and is to be excused only so long as it claims to be merely...popular and not a strictly scientific account of what happens. In the same way, when a thing already made has to be sold, the price which people will be...
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Personalist Economics: Moral Convictions, Economic Realities, and Social Action

Edward J. O'Boyle - Business & Economics - 1998 - 260 pages
...brevity that the cutting is done by the second; but the statement is not strictly accurate, and is to be excused only so long as it claims to be merely...popular and not a strictly scientific account of what happens [Marshall, p.348]. The solution is the same now as then: properly understood physical need...
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Social Science Quotations: Who Said What, When, and Where

David L. Sills, Robert King Merton - Social Science - 2000 - 466 pages
...brevity that the cutting is done by the second; but the statement is not strictly accurate, and is to be excused only so long as it claims to be merely...popular and not a strictly scientific account of what happens. Principles of Economics (1890) 1961:Vol. 1. 348. -» See SiMON:8. s If we compare one country...
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