Capital, Profits and Interest 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. In the study of the economic question, the first thing that must engage our attention is why the worker fails to get all of the product of his labor. Volumes have been written by economists of various schools in discussion of the problem, most of them muddling about in the mire of their own misconceptions. But the editor of Liberty went straight to the heart of the matter and quickly found the answer: Somebody gets the surplus wealth that labor produces and does not consume. Who is the Somebody? Such is the problem recently posited in the editorial columns of the New York Truth. Substantially the same question has been asked a great many times before, but,...
An Inquiry into the Principle of Right and of GovernmentPreface. The following letter served as a preface to the first edition of this memoir: — “To the Members of the Academy of Besançon. “PARIS, June 30, 1840. “GENTLEMEN, — In the course of your debate of the 9th of May, 1833, in regard to the triennial pension established by Madame Suard, you expressed the following wish: — “ ‘The Academy requests the titulary to present it annually, during the first fortnight in July, with a succinct and logical statement of the various studies which he has pursued during the year which has just expired.’ “I now propose, gentlemen, to discharge this duty. “When I solicited your votes, I boldly avowed my intention to bend my efforts to the discovery of some means of ameliorating the physical, moral, and intellectual condition of the mere numerous and poorer classes. This idea, foreign as it m...