These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal The Origin of Ground Rent I said before that in ancient times the landed proprietor, when neither he nor his family farmed his land, as was the case among the Romans in the early days of the Republic, cultivated it through his slaves: such was the general practice of patrician families. Then slavery and the soil were chained together; the farmer was called adscrpitus gleboe, joined to the land; property in men and things was undivided. The price of a farm depended upon its area and quality of its soil, upon the quantity of stock, and upon the number of slaves. When the emancipation... (From : Anarchy Archives.)
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...