Charles Marshall Lungren

Biographical details

Charles Marshall Lungren,  Popular Science Monthly (1880)

“ George holds out to society if it but consent to "render unto Cæsar the things that are Cæsar's"—to give to labor and capital their reward. If it consent not, he raises his voice to warn it that it must crush the worm that is gnawing at its vitals, if it be not destroyed. If labor get not its reward, the gulf between the rich and poor must widen as material progress goes on; the mass of ignorance, of brutality, of recklessness, the number of those who are in our civilization but not of it, must increase and threaten its existence. ”
Source: Wikisource

Charles Marshall Lungren,  Popular Science Monthly (1880)

“ Land and labor are the two factors from whose union springs all wealth. Land is the storehouse of all materials, and the place on which all labor must be exerted. Labor is the force which unceasingly shapes these materials into forms suited to human use. Between these two factors all the wealth created must be divided. Labor may, however, be separated into two forms, past and present, or capital and labor. The division of wealth, then, is between land, capital, and labor. The respective shares of these factors are rent, interest, and wages. ”
Source: Wikisource

Charles Marshall Lungren,  Popular Science Monthly (1880)

“ The over-production and over-consumption theories have never been satisfactory. Economists have seen that, as the very object of industry is to produce wealth, there can never be too much wealth, and men generally have seen that the desire for consumption is not lessened. They have all felt that the difficulty lay rather with a choking of exchange. There has been a hitch somewhere by which production and consumption could not meet and satisfy each other. Looked at closely, an industrial crisis always reveals the fact that there has somewhere been a check to production. ”
Source: Wikisource

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