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 2. -- Constitution of value; definition of wealth. We know value in its two opposite aspects; we do not know it in its TOTALITY. If we can acquire this new idea, we shall have absolute value; and a table of values, such as was called for in the memoir read to the Academy of Sciences, will be possible. Let us picture wealth, then, as a mass held by a chemical force in a permanent state of composition, in which new elements, continually entering, combine in different proportions, but according to a certain law: value is the proportional relation (the measure) in which each of these elements forms a part of the whole. From this two things result: one, that the economists have been wholly deluded when they have looked for the general measure of value in wheat, specie, ren...
The inhabitants of these houses belonged to the lowest population of the town, which in Moscow amounts to perhaps more than a hundred thousand. In this house, there were representative men of all kinds,—petty employers and journeymen, shoemakers, brushmakers, joiners, hackney coachmen, jobbers carrying on business on their own account, washerwomen, secondhand dealers, money-lenders, day-laborers, and others without any definite occupation; and here also lodged beggars and unfortunate women. Many who were like the people I had seen waiting at Liapin's house lived here, mixed up with the working-people. But those whom I saw then were in a most wretched condition, having eaten and drunk all they had, and, turned out of the public-house, were waiting, as for heavenly manna, cold and hungry, to be admitted into the free night-lodging-house,—and longing day by day to be taken to prison, in order to be sent back to their homes. Here I saw the same men among...