What is there about money and its function in commercial societies that entraps so many into laying on "the currency" the responsibility for that disease of modem societies of which the tricks of the money market are but a single symptom Not capitalism, they would have us believe, is the enemy, but coined money. Here is a pamphlet by our comrade D. A. Andrade, of the Melbourne Anarchists' Club, which is really quite bewildering in its mixture of sound sense and--opinions on currency. Andrade ought, by his own showing, to be quite free from the influence of the vulgar illusions which haunt the threshold of the study of wealth, for he warns us that money is simply "the token by which one individual keeps record of and measures that portion of... (From : AnarchyArchives.)
Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library Chapter 2 CHAPTER II. OF VALUE. 1. -- Opposition of value in USE and value in EXCHANGE. Value is the corner-stone of the economic edifice. The divine artist who has entrusted us with the continuation of his work has explained himself on this point to no one; but the few indications given may serve as a basis of conjecture. Value, in fact, presents two faces: one, which the economists call value in use, or intrinsic value; another, value in exchange, or of opinion. The effects which are produced by value under this double aspect, and which are very irregular so long as it is not established, -- or, to use a more philosophical expression, so long as it is not constituted, -- are changed...
After having passed the greater part of my life in the country, I came at length, in the year 1881, to reside in Moscow, where I was immediately struck with the extreme state of pauperism in that city. Though well acquainted with the privations of the poor in rural districts, I had not the faintest conception of their actual condition in towns. In Moscow it is impossible to pass a street without meeting beggars of a peculiar kind, quite unlike those in the country, who go about there, as the saying is, “with a bag and the name of Christ.” The Moscow beggars neither carry a bag nor ask for alms. In most cases when they meet you, they try to catch your eye, and then act according to the expression of your face. I know of one such, a bankrupt gentleman. He is an old man who advances slowly, limping painfully with each leg. When he meets you, he limps, and makes a bow. If you stop, he takes off his cap, ornamented with a cockade, bows aga...