Browsing By Tag "abundance of capital"
Anarchism and the State Excerpted from the book; Individual Liberty Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. Mr. Henry Appleton, one of Liberty's original editorial contributors, was obliged to cease to act in that capacity when he took a position not in harmony with that of the editor on a point of great importance, whereat he later complained, and tried to explain his view of the controversy. In answering him, Mr. Tucker dealt with some essential questions of principle: I do not admit anything except the existence of the individual, as a condition of his sovereignty. To say that the sovereignty of the individual is conditioned by Liberty is simply another way of saying that it is conditioned by itself. To condition it by the cost principle is...
The Position of William. [Liberty, October 13, 1888.] John Ruskin, in the first of his Fors Clavigera series of letters to British workmen, opened what he had to say about interest by picturing what he called the position of William. Bastiat, the French economist, had tried to show the nature of capital and interest by a little story, in which a carpenter named James made a plane in order to increase his productive power, but, having made it, was induced by a fellow-carpenter named William to lend it to him for a year in consideration of receiving a new plank at the end of that time besides a plank for the use of it. Having fulfilled these conditions at the end of the first year, William borrowed the plane again on the same terms at...