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,...
Dedication For always in thine eyes, O Liberty! Shines that high light whereby the world is saved; And though thou slay us, we will trust in thee. --John Hay. In abolishing rent and interest, the last vestiges of old-time slavery, the Revolution abolishes at one stroke the sword of the executioner, the seal of the magistrate, the club of the policeman, the gauge of the exciseman, the erasing-knife of the department clerk, all those insignia of Politics, which young Liberty grinds beneath her heel. --Proudhon. To the Memory of My Old Friend and Master Josiah Warren Whose Teachings were My First Source of Light I Gratefully Dedicate this Volume...