Meaning: The quote "The hope that poverty and ignorance may gradually be extinguished, derives indeed much support from the steady progress of the working classes during the nineteenth century" by Alfred Marshall, a prominent economist, reflects on the optimism regarding the potential eradication of poverty and ignorance. Marshall, who is known for his contributions to the field of economics, particularly in the development of the principles of supply and demand, is highlighting the progress made by the working classes during the 19th century as a source of hope for the future.

During the 19th century, the working classes experienced significant advancements and improvements in various aspects of their lives. The period saw the rise of industrialization, which led to the expansion of job opportunities, increased wages, and improved living standards for many individuals within the working class. This progress was driven by technological advancements, the growth of urban centers, and the emergence of labor movements advocating for workers' rights and better working conditions.

Marshall's assertion that the steady progress of the working classes provides support for the hope of extinguishing poverty and ignorance is rooted in the idea that socioeconomic advancements and educational opportunities can lead to positive societal changes. As individuals within the working classes experienced upward mobility and improved their living conditions, there was an underlying belief that such progress could be sustained and extended to others, ultimately leading to the alleviation of poverty and the spread of knowledge and education.

Additionally, Marshall's statement can be viewed in the context of economic and social theories that emphasize the potential for long-term improvements in living standards and educational attainment. The idea that poverty and ignorance may gradually be extinguished aligns with the concept of economic development and the belief that as economies grow and evolve, the conditions of the population, particularly those in the working classes, can improve.

Furthermore, Marshall's optimism regarding the potential extinguishment of poverty and ignorance reflects a broader sentiment of social progress and the belief in the capacity of human societies to overcome challenges and improve the well-being of their members. The 19th century witnessed significant social and political reforms aimed at addressing issues of poverty, labor rights, and education, reflecting a growing awareness of the need to uplift marginalized segments of society.

In contemporary times, Marshall's quote continues to resonate as a reminder of the progress that has been achieved in addressing poverty and ignorance, as well as the ongoing challenges that persist. It serves as a call to action for policymakers, economists, and society as a whole to continue working towards the goal of eradicating poverty and ensuring access to education and knowledge for all individuals.

In conclusion, Alfred Marshall's quote captures the spirit of optimism and progress that characterized the 19th century, particularly in relation to the advancements made by the working classes. It reflects the belief in the potential for poverty and ignorance to be gradually extinguished through sustained socioeconomic progress and educational development. Marshall's words continue to inspire discussions on economic and social progress, serving as a reminder of the importance of addressing these fundamental challenges for the betterment of society as a whole.