Skip to main content

Daily Inspiration Quote by Alfred Marshall

"Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree"

About this Quote

Marshall is quietly deflating the melodrama in how people talk about class and the economy. When he says the “chief distinctions marked by economic terms” are “not of kind but of degree,” he’s taking aim at a habit that still dominates public debate: treating categories like “capitalist” and “worker,” “skilled” and “unskilled,” “producer” and “consumer” as if they describe separate species. Marshall’s move is to insist on continuity. Economic life is a spectrum, not a set of sealed boxes, and the boundaries are usually drawn for convenience, politics, or moral storytelling.

The intent is methodological as much as moral. In Marshall’s late-19th-century world, economics was trying to become a disciplined science rather than a branch of pamphleteering. His marginalist toolkit (small changes at the margin, gradual adjustments, incremental trade-offs) needs a reality where differences are measurable and sliding, not absolute. If distinctions are degrees, you can model them, compare them, and predict how shifting prices, wages, or education nudges behavior.

The subtext is also a critique of ideological certainty. Marxist rhetoric leaned on sharp kinds (classes with opposed interests), while laissez-faire moralism liked bright lines between “deserving” and “undeserving.” Marshall doesn’t deny conflict or hierarchy; he reframes them as distributions and gradients. That framing naturalizes reform over rupture: if problems are matters of degree, policy becomes calibration, not revolution.

It works because it sounds modest while reprogramming the reader’s instincts. A single sentence converts economic labels from identities into variables, and in doing so, it smuggles in a whole philosophy of gradualism.

Quote Details

TopicReason & Logic
SourceAlfred Marshall, Principles of Economics (1890), Book I, Chapter I ("Preliminary Survey").
More Quotes by Alfred Add to List
Marshall: economic distinctions are degrees not kinds
Click to enlarge Portrait | Landscape

About the Author

England Flag

Alfred Marshall (July 26, 1842 - July 13, 1924) was a Economist from England.

17 more quotes available

View Profile

Similar Quotes