“The most valuable of all capital is that invested in human beings.” An uncannily prophetic quote from an 1890 book, Principles of Economics by Alfred Marshall presents an idea that has been accepted by major corporations and governments all over the world today.
People's understanding of market behavior and how industries operate has its roots in the work done by European economists more than a century ago. Little has changed in terms of principles, though the effects of globalization and technology resulted an unmistakable impact on how business is done today.
Alfred Marshall was a thought leader. He presented path breaking concepts like the principle of di...
The power of population is indefinitely greater than the power in the earth to produce subsistence for man. Population, when unchecked, increases in a geometrical ratio. Subsistence increases only in an arithmetical ratio. A slight acquaintance with numbers will show the immensity of the first power in comparison with the second (Malthus).
"A novel, with several elements of rather unusual interest. As a tale, it is swift, simple, and absorbing, and one does not willingly put it down until it is finished. It has to do with grain-elevator business, with railways, strikes, and commercial and financial matters generally, woven skilfully into a human story of love." --The Commercial Advertiser
"'Calumet "K"' is a novel that is exciting and absorbing, but not the least bit sensational. It is the story of a rush.... The book is an unusually good story; one that shows the inner workings of the labor union, and portrays men who are the bone and sinew of the earth."--The Toledo Blade.
"The heroine in thi...