Economy, asked by joelwernah89, 5 hours ago

why is Marshall definition of wealth superior to Adam Smith's?

Answers

Answered by mufiahmotors

Answer:

Thus, “Economics is on the one side a study of wealth; and on the other and more important side, a part of the study of man.” According to Marshall, wealth is not an end in itself as was thought by classical authors; it is a means to an end—the end of human welfare.

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