Word: due
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Dates: during 1900-1909
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...lecture dealt with a consideration of the law laid down in the last lecture, that labor was not the chief factor in wealth, but rather was a feature secondary to management. Mr. Mallock stated that the greatest modern thinkers on socialism had abandoned the idea that wealth was due to labor alone, and had agreed with the statement quoted above. These men form a new school of socialism, which undertakes to justify the idea that, notwithstanding the fact that management is the essential in producing wealth, the laborer should receive his just "per capita" average. Four arguments were put forward...
...third argument goes to show that the real achievements of genius are merely due to the development of the past generations and not to any especial skill of the individual. The fourth statement closely resembled the third, alleging that inventions, due to the development of the times and not to genius, were due the country at large, and not individuals. The fallacy of these last two statements is easily seen, when it is considered how many men there were in Shakespeare's time, who enjoyed the same conditions under which he worked, but how few real Shakespeares there were...
This slight increase of about 15 cents in price over the preceding months is due mainly to the large number of men who withdrew their membership during the Christmas holidays and during mid-years...
...Mallock showed that the rapid improvements in production which have taken place of late, have been due to the concentration of intellect, which has given rise to inventions of machinery. In the manufacture of machinery the same principle as that which governs any social system holds-it is not the individual skill of a workman which counts, for a good workman may be employed on a poor machine, but it is this skill, under the direction of a master mind. This shows that the essential feature of the production of wealth is not labor, as the socialists claim, but rather...
During the first half of the nineteenth century, socialism was Utopian, and therefore ineffective, but in the middle of the century Karl Marx gave it what was supposed to be a foundation in actual science. The formula of Marx is that all wealth is due to labor, and therefore all wealth is due to the laborers. His scheme was to have the product of an hour of labor exchange for the product of an hour's labor in any other employment...