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 3 CHAPTER III. ECONOMIC EVOLUTIONS. -- FIRST PERIOD. -- THE DIVISION OF LABOR. The fundamental idea, the dominant category, of political economy is VALUE. Value reaches its positive determination by a series of oscillations between supply and demand. Consequently, value appears successively under three aspects: useful value, exchangeable value, and synthetic, or social, value, which is true value. The first term gives birth to the second in contradiction to it, and the two together, absorbing each other in reciprocal penetration, produce the third: so that the contradiction or antagonism of ideas appears as the point of departure of all economic science, allowing us to...
When I talked to my town friends about this pauperism which surrounded them, they always replied, “Oh! you have seen nothing yet! You should go to the Khitrof Market, and visit the lodging-houses there, if you want to see the genuine ‘Golden Company.’” One jovial friend of mine added, that the number of these paupers had so increased, that they already formed not a “Golden Company,” but a “Golden Regiment.” My witty friend was right; but he would have been yet nearer the truth had he said that these men formed, in Moscow, not a company, nor a regiment, but a whole army,—an army, I should judge, of about fifty thousand. The regular townspeople, when they spoke to me about the pauperism of the city, always seemed to feel a certain pleasure or pride in being able to give me such precise information. I remember I noticed, when visiting London, that the citizens there seemed also to find a certain sat...