Entries linking to Alfred
"one of a race of powerful supernatural beings in Germanic folklore," Old English elf (Mercian, Kentish), ælf (Northumbrian), ylfe (plural, West Saxon) "sprite, fairy, goblin, incubus," from Proto-Germanic *albiz (source also of Old Saxon alf, Old Norse alfr, German alp "evil spirit, goblin, incubus"), origin unknown; according to Watkins, possibly from PIE *albho- "white." Used figuratively for "mischievous person" from 1550s.
In addition to elf/ælf (masc.), Old English had parallel form *elfen (fem.), the plural of which was *elfenna, -elfen, from Proto-Germanic *albinjo-. Both words survived into Middle English and were active there, the former as elf (with the vowel of the plural), plural elves, the latter as elven, West Midlands dialect alven (plural elvene).
The Germanic elf originally was dwarfish and malicious (compare elf-lock "knot in hair," Old English ælfadl "nightmare," ælfsogoða "hiccup," thought to be caused by elves); in the Middle Ages they were confused to some degree with faeries; the more noble version begins with Spenser. Nonetheless a popular component in Anglo-Saxon names, many of which survive as modern given names and surnames, such as Ælfræd "Elf-counsel" (Alfred), Ælfwine "Elf-friend" (Alvin), Ælfric "Elf-ruler" (Eldridge), also women's names such as Ælfflæd "Elf-beauty." Elf Lock hair tangled, especially by Queen Mab, "which it was not fortunate to disentangle" [according to Robert Nares' glossary of Shakespeare] is from 1592.
"counsel, advice," Old English ræd "advice, counsel," from Proto-Germanic *redin (source also of Old Saxon rad "advice, counsel, help, advantage," Old Frisian red "council, advice," Dutch raad "advice, counsel," German Rat "advice, counsel," Old Norse rað "advice, consideration, remedy, power; marriage"), from the source of read (v.), which originally meant "to advise, counsel." A very frequent word in Old English and early Middle English, falling from literary use 17c. until revived somewhat in 19th century archaic and poetic diction.
The verb read in the already obsolete sense ' counsel, advise,' was much affected by Spenser, and in the early modern and ME. spelling rede which he used has likewise been much affected by his archaizing imitators; but there is no historical ground for a difference in spelling. [Century Dictionary]